HomeSmart is adding another national mortgage connection for its agents, signing a marketing services agreement with loanDepot that links the brokerage’s network of more than 25,000 real estate agents with the lender’s loan officers and mortgage products. The...
The agency has finally put a date on one of the biggest changes to FHA mortgage credit scoring in decades. Beginning Jan. 1, lenders will be able to use VantageScore 4.0 and FICO Score 10T alongside Classic FICO for eligible FHA loans, but the implementation rules...
First Citizens Bank has completed one of the larger U.S. bank branch transfers of the year, taking control of 138 BMO locations across 11 states and adding approximately $5 billion in deposits to a balance sheet that already exceeds $225 billion. The acquisition...
EverBank and WaFd are combining in a $3.9 billion transaction that will create a roughly $75 billion banking company — but for the housing industry, the more revealing part of the deal may be what both banks have been moving away from. The companies announced Monday...
For years, the mortgage industry has complained about the rising cost of pulling credit. Those complaints weren’t imaginary. The Mortgage Bankers Association told Congress earlier this year that its members had experienced four consecutive years of significant...
Pending Home Sales Slide to Nearly Three-Year Low as Buyers Pull Back
