Achieve has expanded its fixed-rate home equity line of credit (HELOC) program, raising the maximum loan amount to $700,000 and lowering its lowest available annual percentage rate to 5.5% for qualified borrowers, the digital personal finance company said Wednesday. The changes, which took effect June 2, also increase borrowing flexibility by allowing qualified homeowners to […]
Achieve expands fixed-rate HELOC with $700,000 cap Read More »
Newfi Lending has integrated Prudent AI’s income analysis engine into its broker portal, giving brokers near real-time calculations for non-QM loans and cutting bank-statement turn times from roughly 72 hours to as little as three, the companies announced Wednesday. The new IncomeIQ portal, built on Prudent AI’s technology, delivers institutional-grade income analysis directly to mortgage
Newfi integrates Prudent AI for non-QM income analysis Read More »
Unemployment and foreclosure activity were the primary drivers of housing market risk in the first quarter of 2026, with clusters of vulnerable counties in Florida and California along with safer markets concentrated in Tennessee, according to ATTOM‘s Housing Impact Report released Thursday. ATTOM’s county-level analysis ranked 580 U.S. housing markets on four factors — the
Florida, California counties top list of high-risk housing markets Read More »
President Donald Trump on Tuesday signed an executive order calling for creation of a voluntary review framework for the nation’s most advanced artificial intelligence (AI) models before public release. It also directs federal agencies to expand AI-powered cybersecurity programs and establish a new government-industry clearinghouse for software vulnerabilities. “Advanced AI capabilities make our Nation stronger,
Trump’s executive order unlikely to slow adoption of AI in real estate Read More »
Legislation under consideration in Congress would create a bipartisan commission of experts tasked with developing long-term reform options for Social Security and Medicare. Rather than advancing immediate policy changes, the panel would study the financial outlook for the programs and submit recommendations for lawmakers to consider. The proposed Commission on Sustaining Medicare and Social Security
Social Security, Medicare solvency could be examined by bipartisan commission Read More »
The Federal Trade Commission (FTC) on Wednesday announced that it secured a court order to shut down an alleged mortgage relief scheme. The regulator says the scheme referenced federal homeowner assistance programs to collect upfront fees from financially distressed borrowers while failing to deliver promised loan modifications. A judge for the U.S. District Court for
FTC wins court order to shut down alleged mortgage relief scheme Read More »
Onity Group Inc. won regulatory approval for a revised sale of most of its reverse mortgage servicing rights to Finance of America (FOA), the company said Tuesday. Under the new agreement, Onity will sell MSRs on about 20,000 Home Equity Conversion Mortgages (HECMs) with an unpaid principal balance of $5.1 billion as of March 31.
Onity approved to sell reverse MSRs to Finance of America Read More »
Rates for 30-year conforming mortgages stayed above 6.7% this week, but housing market activity has been resilient as weekly pending sales and purchase loan demand are up slightly compared to this time last year. At HousingWire’s Mortgage Rates Center on Tuesday, 30-year conforming loan rates averaged 6.71%, while rates for 30-year jumbo loans averaged 6.73%
Mortgage rates at 6.71% as purchase demand holds up Read More »
Rocket Mortgage and Rocket Pro provided additional details this week on their rollout of VantageScore 4.0 in mortgage lending after officially announcing last week that they have started using VantageScore 4.0 alongside Classic FICO scores. Heather Lovier, chief operating officer of Rocket Companies, told HousingWire that VantageScore 4.0 can currently be used for Fannie Mae, Freddie Mac and
Rocket expands on VantageScore 4.0 pilot for agency, VA loans Read More »
Bank of America said Thursday that it will continue its Community Homeownership Commitment program after surpassing its original goal of delivering $15 billion in affordable home loans and grants. The program, launched in 2019, has provided more than $15 billion in affordable home loans. This total includes more than $600 million in down payment and
Bank of America extends Community Homeownership Commitment program Read More »