January 7, 2025
Simone Del Rosario: I can see the Google search now … “Why are mortgage rates going up while the Federal Reserve is cutting rates?” Prospective home buyers who thought, “I’ll just wait until the Fed starts cutting its interest rate… Continue Reading…
COLUMBUS, Ohio, Jan. 7, 2025 /PRNewswire/ — Lower, a leading digital mortgage lender, today announced its acquisition of Neat Labs, a company renowned for its end-to-end mortgage origination software. Lower will integrate Neat Labs’ proprietary software into LowerOS, a comprehensive,… Continue Reading…
Two of the nation’s leading mortgage lenders are ready to end their long-running courtroom feuds. Crosscountry Mortgage and Loandepot have reached confidential settlements in principle in two separate poaching and theft of trade secrets lawsuits, according to court filings in… Continue Reading…
Fannie Mae‘s Home Purchase Sentiment Index (HPSI) decreased 1.9 points in December to 73.1 — a figure substantially higher than year-ago levels due to ongoing mortgage rate optimism. The index reported that consumers continue to expect mortgage rates to decline… Continue Reading…
Servicing Tools; Fee Collection, HMDA Compliance Tools; CFPB, Credit Reports, Gov’t News “We all get the same 365 days. The only difference is what we do with them.” In 2024 a lot of lenders buckled down every day.… Continue Reading…
In December the Fannie Mae Home Purchase Sentiment Index decreased for the first time after four months of improvement. It ends the year at 73.1, well above the 67.2 mark it posted in December of 2023 and a bit higher… Continue Reading…
Mortgage rates were mostly down compared to a week ago, according to Bankrate data. Rates for 15-year fixed, 5/1 ARMs and jumbo loans decreased, while rates for 30-year home loans stayed the same. Rates as of January 7, 2025. The… Continue Reading…
Understanding today’s mortgage rates can significantly impact your financial decisions, especially if you’re considering buying a home or refinancing your existing mortgage. Today’s mortgage rates as of January 7, 2025, reveal a nuanced picture of the housing market, with 15-year fixed loans… Continue Reading…
Getty Images Upcoming changes to stamp duty will “motivate” first-time buyers to buy a property, according to the Halifax. The average price of a UK home ended 2024 close to the £300,000 mark, the UK’s biggest mortgage broker said. Its… Continue Reading…
The Consumer Financial Protection Bureau (CFPB) took legal action against a mortgage company over alleged illegal practices related to financing manufactured homes. © Shutterstock The CFPB sued Vanderbilt Mortgage & Finance for ignoring obvious red flags that the borrowers could… Continue Reading…