FHFA Establishes Mortgage Fraud Tip Line and is Exploring Ways to ‘Recall’ Fraudulent Loans
The Federal Housing Finance Agency (FHFA), regulator of government-sponsored enterprises Fannie Mae and Freddie Mac, has established a tip line “where anyone and everyone...
Fannie Mae: Home Prices Continued to Steadily Climb in Q1
Single-family home prices increased 1.4% in the first quarter compared with the second quarter and were up 5.2% compared with the first quarter of...
Report Reveals Why Mortgage Lenders Fail to Upgrade Their Technology
Cost, resistance to change and integration challenges continue to be the primary reasons that mortgage lenders fail to upgrade their technology stack, a report...
Prudent AI Appoints Paul Gigliotti as Chief Growth Officer
Paul Gigliotti has been promoted to chief growth officer at Prudent AI, which aims to accelerate AI adoption across the mortgage industry.
Gigliotti has more...
Checkr to Acquire Verifications Provider Truework
Truework, which offers income and employment verification solutions to the mortgage industry, is being acquired by Checkr, a $5 billion HR platform that helps...
New Training Provider for LOs, Next Level Education, Leverages Advanced Tools
Mortgage industry veterans J.R. Huber and Debbie Gadberry have launched Next Level Education, a new training provider dedicated to empowering mortgage professionals through cutting-edge...
MBA: Mortgage Bankers Barely Turned a Profit in 2024
Mortgage bankers made an average profit of $443 on each loan they originated in 2024, up from an average loss of $1,056 per loan...
First American’s New VeriTitle Solution Helps Mortgage Lenders Assess Title Conditions Earlier
First American Data & Analytics has launched VeriTitle, a new solution designed to help accelerate the borrowing experience by leveraging proprietary data to provide...
Applications for New Home Purchases Increased in March as Rates Drifted Lower
Applications for mortgages for new home purchases increased by 14% in March compared with February and were up 5.5% compared with March 2024, according...
Mortgage Rates Increase But 30-Year Still Below 7 Percent
Mortgage rates increased this week, as market volatility continued, with the average rate for a 30-year fixed-rate mortgage (FRM) at 6.83%, up from 6.62%...
Cornerstone Capital Bank Launches Two New Joint Venture Companies With Homebuilders
Cornerstone Capital Bank, a national provider of residential mortgage finance and loan servicing solutions and consumer, commercial and institutional banking services, has launched two...
Housing Starts Stalled in March on Economic Uncertainty
Housing starts stalled in March on tariff and trade-war concerns, dropping 11.4% compared with February to a seasonally adjusted annual rate of 1.324 million,...
Xactus Now Offers The Work Number Report Indicator Through its Xactus360 Platform
Verification solutions provider Xactus now offers The Work Number Report Indicator from Equifax through its Xactus360 platform.
The combined solution allows lenders to quickly see an...
Tidewater Mortgage Services Adopts LightSpeed POS From LenderLogix
Retail mortgage lending company Tidewater Mortgage Services has optimized its digital application processes and enhanced the borrower experience by switching to the LiteSpeed point-of-sale...
Ginnie Mae Appoints Joseph Gormley as EVP and COO
Joseph M. Gormley is the new executive vice president (EVP) and chief operating officer (COO) at Ginnie Mae.
Gormley has extensive experience in housing policy...
Mortgage Applications Sank Last Week Following Jump in Rates
A jump in mortgage rates led to mortgage application volume falling 8.5% during the week ended April 11, according to the Mortgage Bankers Association’s...
Class Valuation Taps Chris Flynn as Chief Data Officer
Chris Flynn has joined Class Valuation as chief data officer.
Flynn has more than 20 years of experience in real estate, fintech and data strategy....
Friday Harbor, a New AI-Powered Lending Document Platform, Sees $6 Million Seed Round
Friday Harbor, an AI-powered platform that helps loan officers assemble complete and compliant loan files in real time, has received a $6 million seed...
Affordability Gap Between Renting and Owning Has Widened Significantly
Americans need to earn $116,633 per year to afford the median priced home for sale, 81.8% more than the $64,160 needed to afford the...
First American Appoints Mark Seaton as CEO
Mark E. Seaton has been appointed CEO of First American Financial Corp., while Matt F. Wajner has been appointed chief financial officer.
In addition, Dennis...