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MARKETING TO BORROWERS

Fannie Mae lodges lawsuit against home warranty providers

Fannie Mae, Industry News, Law and legal issues, MARKETING TO BORROWERS /

Fannie Mae is suing four home warranty providers, accusing them of “willful misuse” of its trademarked name for their own marketing in ways that intentionally deceived consumers. In documents filed in federal court of the Northern District of Ohio, attorneys representing the government-sponsored enterprise named Warranty Global Group, based in Addison, Texas, along with three […]

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Primelending management cautiously optimistic about 2026

Earnings, MARKETING TO BORROWERS, Originations, Secondary markets /

After another money-losing quarter for Primelending, Hilltop Holding’s mortgage subsidiary through Plainscapital Bank, company management was cautiously optimistic about the future. In the third quarter, the mortgage business lost $7.2 million on a pretax basis. While it did turn a pretax profit of $3.2 million in the second quarter, in the three prior periods, Primelending

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Many Americans ho-hum about new Fed rate cut, survey finds

Economy, Housing markets, MARKETING TO BORROWERS, Mortgage Rates, Originations /

For all of the handwringing from government officials and economists regarding whether the Federal Reserve will reduce short-term rates again this year, many Americans just don’t care, a Wallethub survey indicates. Most people are expecting the Federal Open Market Committee to cut further at its meeting on Oct. 28 and 29, plus making what would

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Insurance provider Kin starts Florida mortgage business

Insurance provider Kin starts Florida mortgage business

Housing markets, Insurance, Marketing, MARKETING TO BORROWERS, Originations /

Kin, a direct-to-consumer home insurance provider, has entered the mortgage broker business, starting in Florida, and offering a full array of mortgage and home equity products. The mortgage broker business is also direct-to-consumer and plans are to eventually expand to other states where Kin has a presence, said company founder and CEO Sean Harper. He

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Down payment percentages stay elevated due to higher prices

Housing markets, MARKETING TO BORROWERS, Originations, Underwriting /

The typical down payment made by home purchasers during the third quarter increased by $500 over the previous fiscal period, with the average share remaining near 14.4% of the price, Realtor.com said. Compared to last year’s third quarter, the dollar amount of $30,400 was down by $100. While it is normal for the down payment

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When is the best time to buy a home? January. Here’s why

Housing markets, MARKETING TO BORROWERS, Mortgage Rates, Originations, Underwriting /

Consumers who opt to purchase a home in January, one of the months with the lowest share of sales, could save over $23,000 on their buy versus May, one of the busiest, a LendingTree study found. In 2024, January had the lowest share of sales at 6.3%, while May had the most at 9.9%; although

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Mortgage rates move lower, driven by shutdown uncertainties

Economy, MARKETING TO BORROWERS, Mortgage Rates, Originations /

Mortgage rates declined for the second week in a row, as the 10-year Treasury in recent days has flirted with falling below the 4% mark. Last Thursday, the 10-year closed at 4.15%. As of 11 a.m. on Aug. 16, it was at 4.04%, helped by recent comments by Federal Reserve Chairman Jerome Powell regarding both

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Rocket’s 2026 early conforming limit hike tops others by $6k

MARKETING TO BORROWERS, Mortgage Rates, Originations, Secondary markets /

Rocket Mortgage might have been a few weeks behind its competition in announcing its presumptive 2026 conforming loan limit increase, but it took that time to go higher than the rest of the market. United Wholesale Mortgage, Pennymac, Crosscountry and Rate all announced in late September they were now purchasing single-family mortgages up to $819,000

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Aidium rebrands as Lendware after summer turmoil

Artificial Intelligence, Industry News, MARKETING TO BORROWERS, Mortgage technology /

Following a turbulent summer, customer-relationship management platform Aidium has relaunched as Lendware, with new leadership installed and existing operations overhauled.   New York-based technology firm Lendware announced this week it had acquired assets belonging to the CRM platform, subsequently rebranding it to the new parent’s name. The company also appointed longtime technology executive Josh Glantz

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How mortgage rates have been affected by federal shutdown

Economy, Government Shutdown, MARKETING TO BORROWERS, Mortgage Rates, Originations /

The federal government shutdown and the resulting delay in the monthly employment report was the catalyst for the small movement in mortgage rates this past week. This data “would have been a key market mover for mortgage rates, offering insight into how much the Federal Reserve might adjust monetary policy in response to a cooling

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