Many in the real estate industry were enthusiastic about the recent announcement that the FHA would cut mortgage insurance premiums. But the chair of the House Financial Services Committee calls the move a “cynical” attempt to “play politic ...
Following last year’s unauthorized-account scandal, Wells Fargo has announced it will overhaul the high-pressure sales practices employees said encouraged fraud. Meanwhile, an internal investigation of those practices has brought the bank t ...
With nearly 8 million seniors planning to move in the next four years, the HECM for purchase is an important reverse tool
AI and machine learning — once the stuff of science fiction — are now becoming reality. How will this new technology change the mortgage industry — and how important is it for mortgage pros to get on board now?
The parent company of Quicken Loans has acquired two financial comparison-shopping sites, one of which lets customers shop for the best deal on mortgages
Rates for VA loans have been consistently lower than those for comparable mortgages for more than two years
Which markets in the next year will combine rising home values, low unemployment and strong income growth?
A national online lender has given 21% of its employees their walking papers as it feels the pressure from climbing mortgage rates
A leaked memo from California prosecutors alleges that OneWest Bank racked up more than a thousand violations of California foreclosure laws while it was under the leadership of Steve Mnuchin, Donald Trump’s nominee to head the Treasury Dep ...
Lending standards eased in December for the fourth straight month