Figure hires banks for lending arm IPO: Bloomberg
Mike Cagney’s financial technology firm Figure Technologies has taken another step to go public with its lending division, LendCo, hiring investment banks to coordinate the initial...
The CFPB is going after ‘junk fees’ mortgage lenders charge at closing. This could...
While the proposed tax credit appears unlikely to get through a Republican-controlled Congress, Biden has the ability to use the CFPB to push...
Rocket TPO announces a 25 bps credit on non-owner-occupied agency loans
Rocket Pro TPO, the wholesale arm of Rocket Mortgage, announced Monday a promotion related to the loan level pricing adjustment (LLPA) on agency...
Opinion: To support low-income borrowers, return Fannie Mae and Freddie Mac to the private...
Since the 2008 housing crisis, there have been significant changes that prompted the Treasury to place Fannie Mae and Freddie Mac under conservatorship....
FinLocker and Milestones join forces in new partnership
Home management portals company Milestones and financial fitness platform FinLocker have announced a strategic partnership.
The aim of this partnership is to help convert...
CoStar continues to post solid growth in the fourth quarter
CoStar Group’s annual revenue increased by 12% during the fourth quarter of 2023, marking its 51st straight quarter of double-digit revenue growth. The company...
Chase Home Lending increases its closing guarantee
Chase Home Lending, the consumer and commercial banking arm of JPMorgan Chase & Co., has raised its closing guarantee from $5,000 to $20,000 until...
Homebuyers made larger down payments as mortgage rates surged in Q3: Realtor.com
Homebuyers are forking over larger down payments to offset higher borrowing costs thanks to mortgage rates hitting multi-decade highs.
On average, homebuyers put down...
New Jersey bill seeks to require face-to-face counseling for reverse mortgages
A bill introduced in the New Jersey Senate would require face-to-face counseling for the state’s reverse mortgage transactions and would void any loans...
Cenlar FSB, BaseCap partner on new servicing compliance program
Cenlar FSB, the second-largest mortgage servicer and largest subservicer in the U.S., has partnered with financial services-focused data and analytics company BaseCap Analytics...
