A bill proposing a new way of determining what qualifies as a conforming loan would expand the jumbo market and invite more private capital into mortgage lending — but critics warn it could also push more borrowers into higher-rate loans and worsen an already severe affordability crunch. Processing Content Rising home prices have swelled the […]
Should conforming loan limit math change? Read More »
Freddie Mac and Fannie Mae have respectively released a mix of new flexibilities and requirements for single-family mortgages they purchase as April has gotten underway. Processing Content Fannie is pulling back on some prefunding measures it had previously emphasized, while Freddie is making changes that affect loans in an underserved market that advocates and housing
GSEs ease prefunding rules, extend manufactured housing terms Read More »
Better.com says that its new integration with ChatGPT is more than a flashy plugin. According to CEO Vishal Garg, it’s a tool that could shift how mortgage technology is distributed and adopted across the industry. In early March, Better announced the conversational credit decision engine that allows lenders to run underwriting through ChatGPT using its
Better bets on ChatGPT as the new front door for origination 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 »
New technology products and enhancements typically go hand-in-hand with mortgage conferences, and this month’s ICE Experience 2026 in Las Vegas proved to be no exception. Processing Content Artificial intelligence took the spotlight, and on ushering in its own AI-backed voice and chat servicing agents, event host Intercontinental Exchange said they were among several future rollouts
New AI mortgage tools unveiled at ICE Experience 2026 Read More »
Better Home & Finance, the parent company of Better.com, is partnering with Coinbase to launch token-backed down payments for conforming mortgages. Processing Content Americans who qualify for a mortgage with Better will be able to use Bitcoin or USD Coin as collateral to fund their down payment through a private loan, the company announced in
Better, Coinbase allow tokens to support conforming loan Read More »
February’s low mortgage rates, when the 30-year fixed fell below the 6% mark, helped to improve homebuyer’s ability to afford the payments on their purchase, the Mortgage Bankers Association found. Processing Content During the month, lenders were offering loans priced under 6%, with the industry average at 5.98% for the week of Feb. 26, according
Lenders: Chase affordability gains before rates climb further Read More »
A New York-based private equity firm is acquiring Apex Analytics, formerly Voxtur Analytics, after a tumultuous past few years. Processing Content Hale Capital Management, which has a focus on investing in technology and technology-enabled companies at key moments of transformation, bought Voxtur’s existing senior secured indebtedness from Bank of Montreal in September, an obligation the
PE firm buys mortgage tech company formerly known as Voxtur Read More »
Mortgage industry professionals have raised some concerns amid the broader praise for President Trump’s executive order signed Friday, which aims to loosen mortgage lending regulations. Processing Content Many of the rules the EO looks to unwind were put into effect by the Dodd-Frank Act, passed in the wake of the Great Financial Crisis and the
Mortgage deregulation: praise and peril from Trump’s EO Read More »
Government loan performance issues prompted tighter underwriting in the past month but credit availability expanded in other parts of the market, according to a Mortgage Bankers Association analysis. Processing Content Availability in the jumbo sector, which includes loans made outside of the regulatory definition for a standard “qualified mortgage,” expanded 2.9%, the Mortgage Credit Availability
Credit diverges: Jumbo rises, FHA slips Read More »