Credit reports will be more expensive for mortgage lenders in 2024
Mortgage originators will pay more to access consumer credit reports in 2024, reigniting complaints from mortgage lenders and trade associations.
In 2024, Fair Isaac Corp....
Top indie brokerage John L. Scott acquires Sterling Johnston Real Estate
West Coast juggernaut independent brokerage John L. Scott Real Estate has acquired boutique brokerage Sterling Johnston Real Estate, based out of Redmond, Washington....
Fidelity facing class action suit after cybersecurity attack
Big Four title firm Fidelity National Financial and its subsidiary mortgage subservicer Loancare are facing a class action lawsuit alleging that they were...
Bank regulators issue new Community Reinvestment Act rule
The Office of the Comptroller of the Currency, the Federal Reserve Board and the Federal Deposit Insurance Corporation issued on Tuesday a new rule to modernize the 1977...
Mortgage applications surge to highest level in six weeks: MBA
Mortgage applications rose to their highest level in six weeks after the 30-year fixed mortgage rate fell to 7.44% last week.
Total home loan...
Biden outlines housing proposals during State of the Union
President Joe Biden entered the chamber of the U.S. House of Representatives on Thursday night, filing past a narrowly divided Congress during an...
Eric Wu to leave Opendoor at the end of the year
Opendoor founder Eric Wu is leaving the iBuying giant, according to a document filed with the Securities and Exchange Commission on Friday.
The filing...
Home prices will fall in 2024: Morgan Stanley
Let’s not sugarcoat it: 2023 was a bad year for the housing market. Mortgage rates eclipsed 8% at one point, inventory hit all-time...
Five ways to win more borrowers
The mortgage industry continues to evolve, especially as the market shifts. In addition to limited inventory, rising rates and affordability constraints, mortgage companies...
Nonbank mortgage companies will remain under pressure in 2024: Fitch
The finances at nonbank mortgage companies will remain under pressure in 2024, despite some relief in mortgage rates, according to a new Fitch Ratings report.
But...
