#mortgage

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#home-buying
fromHomebuilding & Renovating
2 months ago
Renovation

This is the minimum amount of money you need to buy a house

Understanding the costs involved in buying a house is crucial to prevent time wasted on unsuitable properties.
from24/7 Wall St.
23 hours ago
Retirement

Is $2,800 a Smart Mortgage Payment When I Take Home $5,200 Monthly?

Homebuyers must determine affordability based on current income without assumptions of future income increases.
fromIndependent
3 months ago
Cars

Your personal finance questions - 'How long will it take to buy a house after we agree a price with the seller?'

Buying a second-hand home can take 40 days to six months after price agreement.
fromHomebuilding & Renovating
2 months ago
Renovation

This is the minimum amount of money you need to buy a house

Understanding the costs involved in buying a house is crucial to prevent time wasted on unsuitable properties.
from24/7 Wall St.
23 hours ago
Retirement

Is $2,800 a Smart Mortgage Payment When I Take Home $5,200 Monthly?

Homebuyers must determine affordability based on current income without assumptions of future income increases.
fromIndependent
3 months ago
Cars

Your personal finance questions - 'How long will it take to buy a house after we agree a price with the seller?'

Buying a second-hand home can take 40 days to six months after price agreement.
more#home-buying
#ai
fromwww.housingwire.com
1 day ago
Artificial intelligence

AI in mortgage is about evolution, not revolution

AI enhances existing tools but requires prior effective use to bring value.
Consumers expect seamless digital experiences in home-buying, necessitating a blend of personal service and technology.
fromwww.housingwire.com
5 months ago
Business

Better.com continues to invest in AI even as its earnings suffer

Better Home & Finance's Q3 2024 net loss highlights ongoing investments in AI, with future implications for mortgage processing efficiency.
fromwww.housingwire.com
1 day ago
Artificial intelligence

AI in mortgage is about evolution, not revolution

AI enhances existing tools but requires prior effective use to bring value.
Consumers expect seamless digital experiences in home-buying, necessitating a blend of personal service and technology.
fromwww.housingwire.com
5 months ago
Business

Better.com continues to invest in AI even as its earnings suffer

Better Home & Finance's Q3 2024 net loss highlights ongoing investments in AI, with future implications for mortgage processing efficiency.
more#ai
#real-estate
fromwww.housingwire.com
1 day ago
Real estate

Rocket Mortgage buys Mr. Cooper: One crazy uncle's opinion

Mr. Cooper is the largest mortgage servicer in the U.S., handling 10.9% of home loans.
fromwww.housingwire.com
7 months ago
Artificial intelligence

AI takes the lead: Why mortgage and real estate tech leaders are betting big on AI - HousingWire

Artificial intelligence is reshaping the mortgage and real estate industry by increasing productivity and streamlining operations.
fromBusiness Insider
3 months ago
Miscellaneous

The hidden middlemen who cost homebuyers $12 billion and counting

Appraisal management companies (AMCs) often have hidden fees that can significantly impact homebuyers, taking a large portion of appraisal costs for themselves.
fromBrooklyn Paper
5 months ago
Brooklyn

Brooklyn jury convicts real estate mogul in $2.4M mortgage fraud * Brooklyn Paper

Local business owner Avraham Tarshish was convicted of a multimillion-dollar fraud scheme involving fake short sales of distressed properties.
NYC real estate
fromTimes Union
1 week ago

Letitia James fires back, saying allegations of fraud against her are 'baseless'

Letitia James may have benefited financially by misrepresenting her property's occupancy as four units instead of five.
Miscellaneous
fromBusiness Insider
3 months ago

The hidden middlemen who cost homebuyers $12 billion and counting

Appraisal management companies (AMCs) often have hidden fees that can significantly impact homebuyers, taking a large portion of appraisal costs for themselves.
fromBrooklyn Paper
5 months ago
Brooklyn

Brooklyn jury convicts real estate mogul in $2.4M mortgage fraud * Brooklyn Paper

Local business owner Avraham Tarshish was convicted of a multimillion-dollar fraud scheme involving fake short sales of distressed properties.
fromTimes Union
1 week ago
NYC real estate

Letitia James fires back, saying allegations of fraud against her are 'baseless'

Letitia James may have benefited financially by misrepresenting her property's occupancy as four units instead of five.
fromBusiness Insider
1 month ago
LA real estate

I didn't buy my first home until I was in my '50s. I wish I'd done it sooner.

Starting the journey to home ownership later in life can limit mortgage options and terms.
more#real-estate
#fintech
fromwww.housingwire.com
4 weeks ago
SF real estate

Rocket Companies to acquire Mr. Cooper in bombshell $9.4B deal

Rocket is acquiring Redfin for $1.75 billion to expand its mortgage servicing capabilities.
The acquisition will create a servicing book of $2.1 trillion for Rocket.
fromTechCrunch
2 days ago
London startup

UK fintech Sprive closes $7.3M round to facilitate mortgage overpayments | TechCrunch

Sprive is a fintech app that helps users pay off their mortgages faster via automation and cashback, potentially saving £10,000 over the loan's lifetime.
fromwww.housingwire.com
4 weeks ago
SF real estate

Rocket Companies to acquire Mr. Cooper in bombshell $9.4B deal

Rocket is acquiring Redfin for $1.75 billion to expand its mortgage servicing capabilities.
The acquisition will create a servicing book of $2.1 trillion for Rocket.
fromTechCrunch
2 days ago
London startup

UK fintech Sprive closes $7.3M round to facilitate mortgage overpayments | TechCrunch

Sprive is a fintech app that helps users pay off their mortgages faster via automation and cashback, potentially saving £10,000 over the loan's lifetime.
more#fintech
#financial-advice
Retirement
from24/7 Wall St.
2 months ago

How to take over a mortgage when a loved one has passed away

Inheriting a house with an unpaid mortgage could allow you to assume the mortgage under specific conditions.
from24/7 Wall St.
3 days ago
Retirement

I Can't Afford My Inherited House-Should I Sell or Hold On?

The Reddit user should consider keeping the inherited house since its mortgage rate is significantly lower than current housing costs.
fromBusiness Insider
2 months ago
Business

My partner and I paid off our mortgage early even though our financial advisor told us not to. Sometimes, I regret it.

Paying off a mortgage early may not provide the expected financial freedom.
from24/7 Wall St.
1 week ago
Cryptocurrency

My Credit Score Plummeted After a Mortgage Payment Mix-Up - What Can I Do?

A misunderstanding with mortgage payment amounts led to significant credit score damage for a Reddit user.
Retirement
from24/7 Wall St.
2 months ago

How to take over a mortgage when a loved one has passed away

Inheriting a house with an unpaid mortgage could allow you to assume the mortgage under specific conditions.
from24/7 Wall St.
3 days ago
Retirement

I Can't Afford My Inherited House-Should I Sell or Hold On?

The Reddit user should consider keeping the inherited house since its mortgage rate is significantly lower than current housing costs.
fromBusiness Insider
2 months ago
Business

My partner and I paid off our mortgage early even though our financial advisor told us not to. Sometimes, I regret it.

Paying off a mortgage early may not provide the expected financial freedom.
from24/7 Wall St.
1 week ago
Cryptocurrency

My Credit Score Plummeted After a Mortgage Payment Mix-Up - What Can I Do?

A misunderstanding with mortgage payment amounts led to significant credit score damage for a Reddit user.
more#financial-advice
fromThe Mercury News
1 week ago
Mission District

Bay Area woman pleads guilty to defrauding AME Zion Church

Sheila Quintana pled guilty to conspiracy in a mortgage fraud scheme involving the African Methodist Episcopal Zion Church.
#finance
fromSlate Magazine
1 week ago
Retirement

We Finally Have Enough Cash to Fulfill Our Big Dream. My Spouse Is Standing in the Way.

Pay off the mortgage and invest the savings into retirement for better financial security.
from24/7 Wall St.
4 weeks ago
Retirement

Should I pay off my mortgage early if this isn't my forever home?

Paying off a mortgage early may be wise in uncertain economic times, especially if you have liquidity.
from24/7 Wall St.
3 months ago
Business

At 37 with nearly $1 million in cash, I'm cautious about upgrading my home - am I too conservative?

Balanced lifestyle upgrades can be beneficial when approached in moderation, ensuring expenses do not outpace income.
fromwww.housingwire.com
1 month ago
SF real estate

Blue Ridge Bankshares is selling its mortgage banking division

Blue Ridge confirms exit from mortgage banking to focus on community banking, with Monarch Mortgage continuing to assist with ongoing loans.
Retirement
fromSlate Magazine
1 week ago

We Finally Have Enough Cash to Fulfill Our Big Dream. My Spouse Is Standing in the Way.

Pay off the mortgage and invest the savings into retirement for better financial security.
from24/7 Wall St.
4 weeks ago
Retirement

Should I pay off my mortgage early if this isn't my forever home?

Paying off a mortgage early may be wise in uncertain economic times, especially if you have liquidity.
from24/7 Wall St.
3 months ago
Business

At 37 with nearly $1 million in cash, I'm cautious about upgrading my home - am I too conservative?

Balanced lifestyle upgrades can be beneficial when approached in moderation, ensuring expenses do not outpace income.
fromwww.housingwire.com
1 month ago
SF real estate

Blue Ridge Bankshares is selling its mortgage banking division

Blue Ridge confirms exit from mortgage banking to focus on community banking, with Monarch Mortgage continuing to assist with ongoing loans.
more#finance
fromwww.housingwire.com
1 week ago
Business intelligence

CrossCountry, Blend announce partnership to drive IMB growth

Blend has launched a dedicated business unit for IMBs, enhancing technology and support under Justin Venhousen's leadership.
fromwww.housingwire.com
1 week ago
SF real estate

Wire, title fraud risk hits record high, FundingShield reports

There is an urgent need for improved data verification in mortgage transactions due to rising error rates.
#consumer-protection
fromwww.housingwire.com
1 week ago
Bayern Munich

UWM sued by Ohio AG over borrower deception allegations

UWM faces a lawsuit in Ohio accusing it of deceptive practices in mortgage lending.
The lawsuit claims UWM pressures brokers to funnel loans back to itself, harming borrowers.
fromwww.housingwire.com
4 months ago
Real estate

CHLA urges CFPB action on trigger leads after legislative effort fails

CHLA calls for urgent CFPB action against abusive mortgage trigger leads after legislative measures have been removed from the NDAA.
fromwww.housingwire.com
1 week ago
Bayern Munich

UWM sued by Ohio AG over borrower deception allegations

UWM faces a lawsuit in Ohio accusing it of deceptive practices in mortgage lending.
The lawsuit claims UWM pressures brokers to funnel loans back to itself, harming borrowers.
fromwww.housingwire.com
4 months ago
Real estate

CHLA urges CFPB action on trigger leads after legislative effort fails

CHLA calls for urgent CFPB action against abusive mortgage trigger leads after legislative measures have been removed from the NDAA.
more#consumer-protection
#fha
fromwww.housingwire.com
4 months ago
Real estate

Mortgage groups push FHA for loss mitigation extension

The coalition urges the FHA to extend the loss-mitigation waterfall to February 2026 for effective policy implementation.
fromwww.housingwire.com
2 weeks ago
Remodel

Farewell, COVID-19 loss mitigation waterfall

FHA will end relaxed COVID-era mortgage practices on Sept. 30, introducing stricter loss mitigation rules from Oct. 1.
fromwww.housingwire.com
3 months ago
Real estate

FHA updates loss-mitigation waterfall in new servicing guidance

FHA's new Mortgagee Letter 2025-06 extends COVID-related recovery options to February 2026, facilitating updates to loss mitigation strategies.
fromwww.housingwire.com
7 months ago
Privacy professionals

FHA proposes updates to partial claim payoff statements

FHA proposes changes to clarify the management of partial claims for mortgage borrowers and lenders, enhancing understanding and operational efficiency.
fromwww.housingwire.com
4 months ago
Real estate

Mortgage groups push FHA for loss mitigation extension

The coalition urges the FHA to extend the loss-mitigation waterfall to February 2026 for effective policy implementation.
fromwww.housingwire.com
2 weeks ago
Remodel

Farewell, COVID-19 loss mitigation waterfall

FHA will end relaxed COVID-era mortgage practices on Sept. 30, introducing stricter loss mitigation rules from Oct. 1.
fromwww.housingwire.com
3 months ago
Real estate

FHA updates loss-mitigation waterfall in new servicing guidance

FHA's new Mortgagee Letter 2025-06 extends COVID-related recovery options to February 2026, facilitating updates to loss mitigation strategies.
fromwww.housingwire.com
7 months ago
Privacy professionals

FHA proposes updates to partial claim payoff statements

FHA proposes changes to clarify the management of partial claims for mortgage borrowers and lenders, enhancing understanding and operational efficiency.
more#fha
#foreclosure
fromSFGATE
2 weeks ago
NYC real estate

The 5 Metros With the Greatest Number of Foreclosures To Start 2025

Foreclosure rates are rising in major U.S. cities as many homeowners struggle to make payments.
from24/7 Wall St.
3 weeks ago
Renovation

I owe $17K in mortgage payments and face daily panic attacks-can I get a loan modification?

Banks typically prefer loan modifications over foreclosure, especially if the borrower resumes regular payments.
NYC real estate
fromSFGATE
2 weeks ago

The 5 Metros With the Greatest Number of Foreclosures To Start 2025

Foreclosure rates are rising in major U.S. cities as many homeowners struggle to make payments.
from24/7 Wall St.
3 weeks ago
Renovation

I owe $17K in mortgage payments and face daily panic attacks-can I get a loan modification?

Banks typically prefer loan modifications over foreclosure, especially if the borrower resumes regular payments.
more#foreclosure
Startup companies
fromFast Company
1 month ago

The latest niche workplace benefit? Helping workers get a mortgage

Michael White pivoted his startup to focus on helping tech employees secure mortgages as many used lines of credit for home purchases.
#interest-rates
Business
fromIrish Independent
6 months ago

ECB cuts key interest rates by 0.25 percentage points

ECB's rate cut to 3.4% aims to stimulate the economy as inflation slows.
Tracker mortgage holders benefit while savers face reduced interest rates.
from24/7 Wall St.
4 months ago
Business

The Average American Refinances Their Home Every 6 Years - Here's How to Know If You Should

Refinancing can help lower monthly mortgage payments but requires careful consideration of closing costs and break-even points.
fromLondon Business News | Londonlovesbusiness.com
1 month ago
UK politics

Bank of England holds interest rates - London Business News | Londonlovesbusiness.com

Interest rates remain at 4.5% amid inflation concerns, impacting high mortgage holders.
Future rate cuts may not provide immediate relief for homeowners.
Experts advise locking in remortgage deals to avoid higher costs.
Business
fromIrish Independent
6 months ago

ECB cuts key interest rates by 0.25 percentage points

ECB's rate cut to 3.4% aims to stimulate the economy as inflation slows.
Tracker mortgage holders benefit while savers face reduced interest rates.
from24/7 Wall St.
4 months ago
Business

The Average American Refinances Their Home Every 6 Years - Here's How to Know If You Should

Refinancing can help lower monthly mortgage payments but requires careful consideration of closing costs and break-even points.
fromLondon Business News | Londonlovesbusiness.com
1 month ago
UK politics

Bank of England holds interest rates - London Business News | Londonlovesbusiness.com

Interest rates remain at 4.5% amid inflation concerns, impacting high mortgage holders.
Future rate cuts may not provide immediate relief for homeowners.
Experts advise locking in remortgage deals to avoid higher costs.
more#interest-rates
#financial-services
Marketing tech
fromwww.housingwire.com
1 month ago

FOA's Kristen Sieffert talks about growing the business in 2025

FOA aims to capture a significant portion of the $14 trillion senior home equity market through digital transformation and partnerships.
fromwww.housingwire.com
5 months ago
Business

Better introduces VA refi loan with no appraisal or closing costs

Better.com launched a streamlined refinance loan for veterans and active-duty service members, making homeownership more affordable and accessible.
fromwww.housingwire.com
4 months ago
Real estate

Daniel McCoy joins Highland Residential Mortgage

Daniel McCoy joins Highlands Residential Mortgage as a regional construction loan manager, enhancing the firm's growth in construction lending.
Marketing tech
fromwww.housingwire.com
1 month ago

FOA's Kristen Sieffert talks about growing the business in 2025

FOA aims to capture a significant portion of the $14 trillion senior home equity market through digital transformation and partnerships.
fromwww.housingwire.com
5 months ago
Business

Better introduces VA refi loan with no appraisal or closing costs

Better.com launched a streamlined refinance loan for veterans and active-duty service members, making homeownership more affordable and accessible.
fromwww.housingwire.com
4 months ago
Real estate

Daniel McCoy joins Highland Residential Mortgage

Daniel McCoy joins Highlands Residential Mortgage as a regional construction loan manager, enhancing the firm's growth in construction lending.
more#financial-services
#lending
fromwww.housingwire.com
1 month ago
Marketing tech

Vice Capital Markets integrates Fannie Mae's new loan pricing API

The new API streamlines the loan pricing process for lenders with a single request, enhancing efficiency and accuracy.
fromwww.housingwire.com
1 month ago
Marketing tech

Vice Capital Markets integrates Fannie Mae's new loan pricing API

The new API streamlines the loan pricing process for lenders with a single request, enhancing efficiency and accuracy.
more#lending
Boston real estate
fromwww.bostonreb.com
1 month ago

What is the best mortgage company to use when buying a Boston condo?

Rocket Mortgage is the recommended mortgage provider for Boston condo buyers in 2025.
First-time buyers can obtain a mortgage with a low down payment option.
fromwww.housingwire.com
1 month ago
SF real estate

Oklahoma-based Bank7 acquires First American Mortgage

Bank7 is strategically expanding its mortgage operations in Oklahoma through the acquisition of First American Mortgage, Inc.
#homeownership
fromSFGATE
6 months ago
Business

Should You Ever Pay Off a Low-Interest Mortgage Early? The Pros and Cons

Paying off a mortgage early provides emotional relief, stability, and financial flexibility despite having a low-interest rate.
fromwww.housingwire.com
2 months ago
Bootstrapping

Rocket plays the long game with its renter rewards program

Rocket Mortgage offers a customer-friendly mortgage option without additional markups, targeting renters to encourage homeownership.
fromIndependent
3 months ago
Miscellaneous

'By just restructuring the payments, we knocked seven years off our mortgage and saved about 40,000 in interest'

Restructuring mortgage repayments can significantly shorten loan duration.
Solar panels can aid in reducing monthly electricity expenses.
fromSFGATE
6 months ago
Business

Should You Ever Pay Off a Low-Interest Mortgage Early? The Pros and Cons

Paying off a mortgage early provides emotional relief, stability, and financial flexibility despite having a low-interest rate.
fromwww.housingwire.com
2 months ago
Bootstrapping

Rocket plays the long game with its renter rewards program

Rocket Mortgage offers a customer-friendly mortgage option without additional markups, targeting renters to encourage homeownership.
fromIndependent
3 months ago
Miscellaneous

'By just restructuring the payments, we knocked seven years off our mortgage and saved about 40,000 in interest'

Restructuring mortgage repayments can significantly shorten loan duration.
Solar panels can aid in reducing monthly electricity expenses.
more#homeownership
fromSFGATE
2 months ago
Business

Your Recent Mortgage Statement Holds the Secret to a Big Tax Bonus This Year

Homeowners can reduce their taxable income by using Form 1098 for mortgage interest deductions.
fromwww.housingwire.com
3 months ago
Real estate

loanDepot promotes former MLB star to regional vice president

Bart Evans has been promoted to regional vice president at loanDepot, emphasizing community-focused lending in growing markets like Alabama, Arkansas, and Tennessee.
Business
fromMiami Herald
3 months ago

A mortgage firm denies Miami metro area racist redlining - but will pay $1.75 million

The Mortgage Firm settled with the DOJ over redlining accusations but insists it did not violate any laws.
fromTODAY.com
4 months ago
Writing

See the moment mom learns her son paid off her mortgage for Christmas

Levi Ohanenye surprised his mother by paying off her mortgage, celebrating her sacrifices and hard work over the years.
#fico
fromwww.housingwire.com
6 months ago
Business

Prices for FICO scores are predicted to rise again in 2025

Mortgage credit-score costs are expected to rise in 2025 due to increased home loan applications and changes in pricing by Fair Isaac Corp. (FICO).
fromwww.housingwire.com
5 months ago
Real estate

It's official! FICO raises score price to $4.95 for mortgage lenders

FICO increased its mortgage score royalty from $3.50 to $4.95, maintaining a small percentage of overall mortgage closing costs.
fromwww.housingwire.com
6 months ago
Business

Prices for FICO scores are predicted to rise again in 2025

Mortgage credit-score costs are expected to rise in 2025 due to increased home loan applications and changes in pricing by Fair Isaac Corp. (FICO).
fromwww.housingwire.com
5 months ago
Real estate

It's official! FICO raises score price to $4.95 for mortgage lenders

FICO increased its mortgage score royalty from $3.50 to $4.95, maintaining a small percentage of overall mortgage closing costs.
more#fico
Real estate
fromwww.housingwire.com
6 months ago

Property data collection-based appraisal waivers, UPD and the future of appraisals

Appraisal waivers are essential for lenders to reduce collateral risk and accelerate loan processes in the current mortgage landscape.
fromIndependent
6 months ago
Miscellaneous

Widow will be 91 when mortgage term ends as loan service firm told to give her new interest rate of just 0.5pc

A 36-year mortgage at 0.5% interest offers new hope for homeowners in financial distress.
from24/7 Wall St.
6 months ago
Business

I'm 60 years old and am considering taking a big chunk of an old 401(k) to pay off my mortgage - is this silly or brilliant?

More retirees carry mortgages than ever, complicating their financial situations as they try to enjoy their later years.
fromwww.housingwire.com
7 months ago
Startup companies

UWM debuts new 75-bps incentive on refis

UWM launches a new 75 basis-point incentive program for refinances to enhance competitive edge in the market.
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