Strategies Employed by Mortgage Lenders to Reduce Contract Cancellations
Experts identify affordability issues, unprepared buyers, and lender pressures as key factors leading to contract collapses in the current mortgage landscape.
MLS PIN Settlement Business Practice Changes Take Effect Tuesday
MLS PIN will discontinue cooperative compensation offers on its platform, alongside the implementation of new disclosure requirements for private lenders.
Mortgage insurer trade group pledges to implement VantageScore 4.0
The US Mortgage Insurers praise Pulte's decision for GSEs to utilize VantageScore 4.0, enhancing credit assessment options for private lenders.
Analysts Divided on Future of Rocket-Mr. Cooper Servicing Portfolio
Regulatory changes now cap Fannie and Freddie servicing exposure at 20%, prompting scrutiny on potential growth opportunities for Rocket in the lending market.
Texans Credit Union Introduces 105% Loan-to-Value Financing Option
Credit union launches three innovative loan options aimed at boosting home purchases, addressing challenges faced by sidelined homebuyers in the current market.
Lisa Cook Initiates Legal Action Against Trump, Powell, and Fed Board
A recent lawsuit emerges after Trump seeks to terminate Cook, citing allegations of occupancy fraud, raising implications for private lenders in the industry.
Coldwell Banker Realty Welcomes Leading Agent Mary Bee
Bee has successfully closed 27 transactions worth over $74.2 million, marking a significant milestone in her 40-year career, surpassing $1 billion in sales volume.
NAF Pursues Reverse Mortgage Expansion Through Strategic Marketing Approaches
Explore the unique approach of the reverse-centric "Old Wives" campaign, offering insights into its targeted strategy compared to traditional mortgage marketing.
Minority Owners Sue UWM’s Mat Ishbia and Phoenix Suns Over Records Issue
Minority investors in the Phoenix Suns have initiated legal action against majority owner Mat Ishbia, claiming restricted access to internal records on funding.
Mortgage Lending Activity Experiences Seasonal Increase in Spring
Second quarter loan volume reached $601.7 billion, marking a 22.8% increase from Q1 and a 10.3% rise year-over-year, signaling market growth trends.