Mortgage rates moved closer to 8% Tuesday, adding another layer of pressure to a lending industry already confronting weaker borrower demand, thinner margins and a sharp fall slowdown in housing activity.HousingWire Data reported an average 30-year conforming rate of...
Mortgage professionals seeking new access to one of the Federal Housing Administration’s most important technology systems will soon have to prove they are who they say they are—and that will include submitting a selfie. Beginning September 14, new users of FHA...
For most people in real estate and mortgage, closing day has always carried a sense of finality. The papers are signed, the keys change hands, commissions are paid, the loan funds and everybody moves on to the next transaction. The homeowner, of course, doesn’t...
loanDepot has received a deficiency notice from the New York Stock Exchange after its Class A common stock fell below the exchange’s minimum continued-listing price requirement. The mortgage lender disclosed Friday that it received written notice from the NYSE on Aug....
BlackWolf Advisory Group, a mortgage servicing consulting firm, has teamed with Authority Partners, a technology strategy and software engineering firm, on an initiative to assist mortgage lenders and servicers adapt to the industry’s new artificial intelligence (AI)...
Inflation Expectations Hit Three-Year High as Rent Outlook Climbs to 6.8%
