Zillow is the site people visit to see how much their home (or their neighbor’s) is worth. But the company is not content only serving real estate voyeurs. It wants a bigger... Read more »
The Federal Communications Commission (FCC) last week released a new order amending its “express consent” rules for the Telephone Consumer Protection Act (TCPA), which closes the “lead generator loophole” used by mortgage... Read more »
You’ve been dreaming of owning a home for years, and now you’re finally ready to make the leap. You’ve found the perfect place and may have even started deciding where to put... Read more »
The holidays have come early for the mortgage industry. Mortgage rates fell below the 7% threshold this week as markets prepared for Federal Reserve Chairman Jerome Powell’s announcement on Wednesday. The 30-year,... Read more »
A coalition of bipartisan lawmakers in the U.S. Senate on Wednesday introduced legislation targeting the practice of mortgage trigger leads. The bill, designated “S.3502,” is designed to “amend the Fair Credit Reporting... Read more »
Mortgage industry trade group Community Home Lenders of America (CHLA) is urging government agencies to begin to have conversations surrounding the impact of the jury verdict and potential court ruling in the... Read more »
As 2023 winds to a close, so too does a brutal year for the housing market, a year marked by rising rates, steep home prices, scarce inventory and anemic mortgage originations, compared... Read more »
“We see a little bit of pickup but not like you normally would because of seasonality,” Overfelt added. If rates continue to drop, some LOs expect a small ‘bump’ in cash-out refis... Read more »
FHA mortgage rates are typically higher than conventional mortgage rates, but they can be a good option for borrowers with lower credit scores or smaller down payments. The minimum credit score for... Read more »
Wells Fargo, once the largest mortgage lender in America, was accused of discrimination through the common industry practice of offering mortgage loan discounts to select borrowers, CNBC reported. The bank received Matter... Read more »