Rising balances on credit cards and home equity lines of credit are pushing many homeowners, particularly older borrowers, to rethink their liquidity and debt-management strategies. As unsecured and revolving secured debt grows, the pressure on monthly cash flow and long-term affordability intensifies. Reverse mortgages [...]
Market intelligence from ICE and Optimal Blue points to an incoming cohort of adjustable-rate mortgage resets that is sizable but broadly manageable for the industry. The data indicate that many ARMs are cushioned by contractual rate caps, borrower credit quality and home-equity buffers that [...]
HousingWire Data shows a notable repricing in long-term mortgage costs, with the 30-year conforming average at 7.63% after a 31-basis-point uptick over a two-week span, while FHA rates climbed by 59 basis points. That speed and magnitude of increase compress borrower affordability, raising monthly [...]
Mortgage lenders are shifting to pulling both FICO and VantageScore on every credit inquiry, a move designed to broaden the informational foundation for underwriting and pricing decisions. Capturing dual scores exposes model divergences that can materially influence eligibility and risk tiering, enabling underwriters and [...]
Fitch's AI stress test finds limited disruption for mortgage/title insurers, highlighting cybersecurity, privacy and counterparty risks for private lenders.
Valon raised $150M Series D at $2.3B valuation; one in six U.S. mortgages is contracted on ValonOS - practical servicing implications for private lenders.
Private lenders: Better’s founder Vishal Garg regained board control after a 52.02% shareholder vote, triggering a governance reset and oversight shiftsUS.
Planned technology development in upper New York is poised to reshape the local housing market by drawing a fresh wave of buyers attracted to new employment and higher wages. Expect increased demand for single-family homes and higher-end condominiums in well-connected neighborhoods, resulting in accelerated [...]
Sen. Warren alleges FHFA is withholding GAO-requested records in probe of Director Bill Pulte's mortgage-fraud referrals; FHFA disputes obstruction. Probe?
Rocket Pro introduces Orbit, a nationwide broker rewards program tying production and loan performance, and extends its Compass 20bp pricing credit. Today.
