Figure Technology Solutions posted a strong quarter in its first public earnings report, including $2.4 billion in home equity line of credit lending. The fintech, which went public in September, recorded $89.8 million in net income for the third quarter, exceeding a Standard & Poor’s consensus estimate of $35 million. That also surpassed its $27.4 […]
Figure posts huge HELOC volume in strong earnings debut Read More »
Mortgage application fraud risk increased on an annual basis during the third quarter as one in every 118 applications had indicators of potential misstatements, according to Cotality. When compared with the third quarter of 2024, fraud risk increased by 8.2% but this dropped by 2.7% from the previous quarter, the National Mortgage Application Fraud Risk
Mortgage fraud risk rises on growth of investor properties Read More »
Home prices are squeezing potential buyers out of the market, and the true cost of homeownership is rising even higher. The hidden costs of homeownership now total nearly $16,000, climbing faster than incomes, a new analysis from Zillow and Thumbtack found. That’s an additional $1,325 a month on top of the mortgage payment. According to
Hidden home costs hit $16K, outpacing incomes Read More »
The Trump administration floated the idea of a 50-year mortgage this weekend with the intention of improving affordability, but some data analyses indicate it could do the opposite. The interest paid for a 50-year mortgage on a $500,000 loan with a 6.10% annual percentage rate, roughly the current average for a 30-year fixed-rate mortgage, would
50-year mortgage plan piles on interest, analysis finds Read More »
Mortgage rates rose by 2 basis points this week, but did not impact home purchase activity during the period, Freddie Mac said. “Rates for the 30-year and the 15-year fixed-rate mortgage essentially remained flat this week, but we did see purchase activity increase, which is encouraging,” said Sam Khater, Freddie Mac’s chief economist. Right now,
Homebuyer activity climbs despite minor rate uptick Read More »
Waterstone Mortgage is an independent mortgage banker which happens to be a fully owned asset of a bank, explained Jeff McGuiness, its president and CEO. It outperformed the plan submitted to its holding company, Waterstone Financial, and was profitable for all of 2024 and so far in 2025, looking primarily at its origination business and
Waterstone Mortgage on its structure and profitability Read More »
While there are legitimate means to allow consumers to boost their credit scores, others – not just individuals but also industrial or institutional actors – engage in a practice known as credit washing. The practice takes advantage of something people are allowed to do: challenge erroneous information on their credit reports. But in credit washing,
Credit washing rose nearly 700% over 2 years: Transunion Read More »
A change in mindset, away from the transactional and more towards creating relationships has led to higher customer satisfaction scores, improved trust and increased levels of brand loyalty, the latest J.D. Power survey found. But in what can be termed as a surprise in the results, Citi had the highest score in the 2025 U.S.
Citi tops J.D. Power mortgage satisfaction rankings Read More »
A 50-year mortgage on a median-priced US home could reduce borrower’s monthly repayment, but also double the amount of interest the owner pays over the life of the loan, according to UBS Group AG analysts. The longer mortgage could lower the monthly payment by about $119, or increase an average consumer’s purchasing power by almost
A 50-year mortgage to double interest paid over tenor, UBS says Read More »
Refinancing slowed down in October after consecutive months of dramatic spikes, pushing down rate-lock activity. Rate locks fell 4.2% to 122 from September to October, but were still up 18% on a year-over-year basis, according to Optimal Blue’s latest Market Advantage mortgage data report. Purchase locks decreased 1.5% last month, following seasonal trends, while rate-and-term
Refi spike tapers off despite falling rates Read More »