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White House expects reverse mortgages to continue producing government receipts
The White House expects continued performance from the HECM portion of the MMI Fund, according to a recent budget document.
Prudent AI debuts non-QM underwriting tool
The tool applies investor-specific guidelines during initial evaluations, offering lenders and brokers an earlier look at a loan’s viability.
Mortgage rates surge to highest level since 2000
Mortgage rates ticked up this week as investors braced for ‘higher-for-longer’ conditions following last week’s Fed meeting.
DOJ announces $9M settlement with Washington Trust Company in redlining case
Rhode Island-based chartered bank Washington Trust Company has agreed to pay $9 million to settle a redlining case with the U.S. Department of Justice (DOJ), the parties announced Wednesday.
As mortgage biz suffers, Blend sees unified banking platform as the key to growth
The goal for Blend Builder is to create a unified platform that can serve all the products that a bank can offer – including personal loans, credit cars, car loans, student loans and mortgages.
2021 housing market outlook: No signs of slowing
2020 has been a remarkably strong year for the housing market. Sales volume has remained elevated compared to last year since about mid-June, home values are growing more quickly than they have in 15 years and homes are typically selling a full three weeks faster than a year ago. Incredibly, next year’s housing market outlook is poised to be much stronger.
Austin now a magnet for tech workers wanting to buy homes
As more tech companies relocate from Silicon Valley to Austin, Texas, real estate agents say they have little to no homes at all to show homebuyers. HW+ Premium Content
Housing market outlook for 2021…and beyond
2020 was a truly unprecedented year. With it behind us, CoreLogic’s Frank Nothaft looks ahead at several housing market trends that are likely in 2021 and beyond. HW+ Premium Content
