Mortgage rates backed off their recent 2026 high this week after concerns over an escalation of the Iran War temporarily subsided, but the numbers don’t necessarily mean an end to ongoing volatility, economists warned. Processing Content The 30-year fixed average decreased 9 basis points to 6.37%, according to Freddie Mac’s Primary Mortgage Market Survey of […]
Iran ceasefire brings brief reprieve for mortgage rates Read More »
New American Funding is expanding its presence in the Midwest with a new branch and team in Nebraska. Processing Content The Santa Ana, California-based lender announced Wednesday the addition of One Goal Mortgage Powered by New American Funding, a branch serving the Omaha, Nebraska, metro area and Southwest Iowa. The team joined New American in
New American Funding announces addition of One Goal Mortgage Read More »
With mortgage rates spiking over the last few weeks, many homeowners are unwilling to give up their current rate, a new industry report showed. Processing Content Roughly a third of homeowners with a mortgage rate less than 6% would not give up their rate for any reason, and 47% said they couldn’t afford current rates,
Rate lock-in: 1 in 3 owners won’t budge at any price Read More »
Retail mortgage lender Rate is welcoming a new president of consumer lending to help the company further expand beyond mortgage. Processing Content Adam Boyd, a veteran financial services executive with more than 25 years of experience building and scaling consumer lending businesses, will head the growth of Rate’s consumer lending platform, the lender said in
Rate looks to scale consumer lending business with new hire Read More »
Washington State regulators are proposing a hefty financial penalty against Newrez after charging the company with numerous mortgage servicing violations in response to an investigation into more than 125 consumer complaints. Processing Content The Washington State Department of Financial Institutions seeks to fine the lender and servicer nearly $4.2 million for repeated violations of consumer
Newrez faces $4.2M penalty for servicing violations Read More »
Rocket Mortgage and United Wholesale Mortgage waged another fight over who would be the market leader in 2025 and appear to have ended the year with a split decision. Processing Content While UWM held onto a healthy lead in terms of dollar volume, Rocket inched ahead and became No. 1 based on loan count, according
Rocket leads UWM in 2025 HMDA loan count, trails in volume Read More »
Two lending software providers are adding AI enhancements for originators as mortgage companies carve their path in the rapidly changing artificial intelligence landscape. Processing Content Dark Matter Technologies, owner of the Empower loan origination system, unveiled a new embedded AI assistant named Ask Aiva this week that can deliver answers to loan officers’ questions instantly
Dark Matter, Calyx Path upgrade originations tools with AI Read More »
Millions of Americans are paying thousands of dollars in homeowners association and condo fees, an often overlooked cost when buyers budget for a mortgage, new industry data found. Processing Content Almost 18 million homeowners in the 100 largest United States metros paid HOA or condo fees in 2024, including 2.6 million who paid $500 or
2.6M homeowners pay $500-plus in monthly HOA fees Read More »
Opendoor Technologies is acquiring assets belonging to title fintech Doma in a deal that arrives just weeks after the real estate company re-entered mortgage lending. Processing Content The agreement adds Doma’s title automation search capabilities to Opendoor’s closing and escrow platform. Opendoor, known for its home-flipping model that quickly delivers cash to sellers, pointed to
Opendoor adds Doma title tech assets in new acquisition Read More »
Almost a year after Premier Mortgage Resources filed a complaint against Canopy Mortgage over an alleged poaching scheme, the lenders reached a settlement. Processing Content The companies anticipate they will submit a joint stipulation of dismissal with prejudice within 45 days, according to a document filed Friday in a Washington federal court. “We’re pleased to
Lenders settle suit spurred by family of originators Read More »