Strong Economy May Prop Up Home Prices, Mortgage Rates

Strong Economy May Prop Up Home Prices, Mortgage Rates

Whether it’s refining your business model, mastering new technologies, or discovering strategies to capitalize on the next market surge, Inman Connect New York will prepare you to take bold steps forward. The... Read more »
Brenda Hedeen joins Canopy Mortgage as CFO

Brenda Hedeen joins Canopy Mortgage as CFO

Former Open Mortgage executive Brenda Hedeen has been hired by Utah-based Canopy Mortgage as its new chief financial officer. “I was delighted when they reached out as I’ve had my eye on... Read more »
UWM to offer cash-outs with higher LTVs and no mortgage insurance

UWM to offer cash-outs with higher LTVs and no mortgage insurance

United Wholesale Mortgage (UWM) announced on Wednesday that it’s offering a conventional cash-out loan product with a loan-to-value (LTV) ratio of up to 89.99% and no mortgage insurance. The announcement comes after... Read more »
Reggora says it will cover mortgage repurchase, LLPA losses tied to appraisal defects

Reggora says it will cover mortgage repurchase, LLPA losses tied to appraisal defects

Reggora CEO Brian Zitin said his company is looking to help mortgage lenders by removing the need to manually underwrite most appraisals. Appraisal management software company Reggora is adding a repurchase and... Read more »
Mortgage applications nosedive 17% – HousingWire

Mortgage applications nosedive 17% – HousingWire

Mortgage applications decreased 17% from one week earlier as mortgage rates surged, according to data from the Mortgage Bankers Association’s (MBA) weekly application survey for the week ending October 11, 2024. The... Read more »
Home sales are tepid, but mortgage fraud is becoming more common

Home sales are tepid, but mortgage fraud is becoming more common

CoreLogic’s risk index rose 8.3% in the past year, driven by more cases of identity and transaction fraud New data shows that cases of fraud among mortgage applicants is on the rise... Read more »
Fed rate cut brings more mortgage biz to JPMorgan, Wells Fargo. But is it sustainable?

Fed rate cut brings more mortgage biz to JPMorgan, Wells Fargo. But is it sustainable?

Mortgage business has increased recently for Wells Fargo head Charlie Scharf, left, and JPMorgan Chase CEO Jamie Dimon, but will it last? JPMorgan Chase and Wells Fargo are starting to feel the... Read more »
LoanSnap loses mortgage lender license in Connecticut

LoanSnap loses mortgage lender license in Connecticut

Struggling fintech LoanSnap had its mortgage lender license in Connecticut revoked in early October by state authorities, adding to the company’s legal and financial problems.   The firm was first licensed to do... Read more »
LoanSnap loses mortgage lender license in Connecticut

Federal housing leaders speak to the need for more reverse mortgage understanding

Federal Housing Administration (FHA) Commissioner Julia Gordon and David Berenbaum, deputy assistant secretary for the Office of Housing Counseling at the U.S. Department of Housing and Urban Development (HUD), described a need... Read more »
Severe storm fallout could destabilize the intersection of mortgage and insurance

Severe storm fallout could destabilize the intersection of mortgage and insurance

“The reason I tell this anecdote is that their insurance had already gone up a lot two years ago,” Stork said in an interview. “I think it is a prelude to what... Read more »