‘Dating the rate’ misled borrowers. Now they’re financially strained
An out-of-date mantra that once lured in prospective homebuyers is being criticized by mortgage originators who say clients were “misled.”
Refinancing
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Stable mortgage rate environment reshapes how LOs engage with borrowers
In a rare period of rate stability, lenders say that borrower mindsets — not numbers — may unlock market momentum.
ServiceLink expands closing technology
The latest enhancements allow users to schedule closings in real-time with expanded options for online and in-branch appointments.
Lenders witness surge of mortgage demand this week
New American Funding’s Patty Arvielo shared that Tuesday was NAF’s best day for applications in three years. Can it continue?
Mat Ishbia’s unfiltered thoughts on the Rocket-Mr. Cooper deal
What does UWM’s Mat Ishbia think about Rocket Companies’ pending $9.4 billion deal for Mr. Cooper? “It’s fantastic,” he said.
Better announces ‘Better Forever’ borrower loyalty program
The program is designed to reward customers by waiving origination fees on future refinance or purchase loans. Customers who previously funded a loan through Better on or after Jan. 1, 2019, are automatically enrolled in the program.
Conforming mortgage share hit record low in December
At the tail end of 2024, mortgage borrowers shifted their attention away from conforming mortgages and toward refinance opportunities. A report released Tuesday by Optimal Blue found that the conforming loan share sank to historic lows in December.
Mortgage demand drops 22% during holidays as rates move higher
Rising mortgage rates suppressed applications in the MBA’s final mortgage applications survey index of 2024, released on Thursday. Unsurprisingly, application volume dropped significantly even with a seasonal adjustment to account for the holidays.
Uplist’s Jeff Bell on finding efficiencies for loan officers
Jeff Bell, president of UpWell Mortgage and Uplist, talks about the industry turning a corner after two rough years.
How Rocket Mortgage plans to win in 2025
Rocket Mortgage’s strategy for 2025 includes acquiring more mortgage servicing rights to capitalize on its eye-popping 85% recapture rate.