Better Home & Finance, the parent company of Better.com, is partnering with Coinbase to launch token-backed down payments for conforming mortgages. Processing Content Americans who qualify for a mortgage with Better will be able to use Bitcoin or USD Coin as collateral to fund their down payment through a private loan, the company announced in […]
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February’s low mortgage rates, when the 30-year fixed fell below the 6% mark, helped to improve homebuyer’s ability to afford the payments on their purchase, the Mortgage Bankers Association found. Processing Content During the month, lenders were offering loans priced under 6%, with the industry average at 5.98% for the week of Feb. 26, according
Lenders: Chase affordability gains before rates climb further Read More »
New technology products and enhancements typically go hand-in-hand with mortgage conferences, and this month’s ICE Experience 2026 in Las Vegas proved to be no exception. Processing Content Artificial intelligence took the spotlight, and on ushering in its own AI-backed voice and chat servicing agents, event host Intercontinental Exchange said they were among several future rollouts
New AI mortgage tools unveiled at ICE Experience 2026 Read More »
JAUST, an automated underwriting system (AUS) built specifically for jumbo mortgage originations, has launched with a cloud-native platform that aims to help lenders cut underwriting costs and accelerate decision times, the company announced Tuesday. The platform is designed for portfolio lenders and mortgage banks that manage dozens of jumbo investors and complex overlays. “The mortgage
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A New York-based private equity firm is acquiring Apex Analytics, formerly Voxtur Analytics, after a tumultuous past few years. Processing Content Hale Capital Management, which has a focus on investing in technology and technology-enabled companies at key moments of transformation, bought Voxtur’s existing senior secured indebtedness from Bank of Montreal in September, an obligation the
PE firm buys mortgage tech company formerly known as Voxtur Read More »
Mortgage industry professionals have raised some concerns amid the broader praise for President Trump’s executive order signed Friday, which aims to loosen mortgage lending regulations. Processing Content Many of the rules the EO looks to unwind were put into effect by the Dodd-Frank Act, passed in the wake of the Great Financial Crisis and the
Mortgage deregulation: praise and peril from Trump’s EO Read More »
Government loan performance issues prompted tighter underwriting in the past month but credit availability expanded in other parts of the market, according to a Mortgage Bankers Association analysis. Processing Content Availability in the jumbo sector, which includes loans made outside of the regulatory definition for a standard “qualified mortgage,” expanded 2.9%, the Mortgage Credit Availability
Credit diverges: Jumbo rises, FHA slips Read More »
Newrez, Pennymac and Rate are rolling out new products that signal a flurry of activity across the mortgage market. Processing Content The timing might be coincidental for most of these announcements, but loanDepot’s announcement it was restarting wholesale production has changed the competitive landscape for the wholesale sector in particular. Newrez has title insurance alternative
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Mortgage rates dropping to a three-year low last month drove up lock activity, specifically among purchase borrowers. Processing Content Total rate-lock volume increased 9% month over month and nearly 40% on an annual basis, according to Optimal Blue’s latest Market Advantage report. Purchase lock activity rose more than 14% from January and 5% compared with
Purchase locks jump as rates dip in February Read More »
After exiting the channel approximately three-and-a-half years ago during a tough period for both the mortgage industry and its own business, LoanDepot is returning to the wholesale origination business. Processing Content “Serving brokers through wholesale naturally expands our multi-channel origination strategy and complements our direct-to-consumer, in-market retail, joint venture, and servicing businesses,” CEO Anthony Hsieh
LoanDepot adds wholesale production 3 years after exit Read More »