Fintech startup Tomo seeks to provide fully-underwritten pre-approvals in hours and guaranteed on-time closings.
Read More »Mortgage Rates Retreat Below the 3% Mark
After rising above the 3% mark last week, mortgage rates dipped this week, with low and stable rates continuing to drive a booming market.
Read More »An Uphill Journey
Halfway into 2021, lenders face new regulations, a new administration, and other major changes.
Read More »New Home Listings on the Rise in June
Gains were seen in the number of homes available in June, as a new study found home prices continuing to shatter records.
Read More »FHFA’s Plan to Prevent Discrimination in Mortgage Lending
Acting Director Sandra Thompson explains FHFA's role in enforcing fair housing laws and vows that violations "will not be tolerated."
Read More »Mortgage App Volume Takes a Dive
Both purchase apps and refinances showed declines this week, as first-time homebuyers are being “squeezed” out of the market as a result of short supply and high prices.
Read More »Obstacles Not Deterring Homebuyers
Bidding wars and record high price tags did not slow pending home sales over the past month, as record-low mortgage rates are still luring buyers into the market.
Read More »Homeownership Within the Asian American, Pacific Islander Population
Even with evidence of greater income than the general population, a "surprisingly low" percentage of the AAPI community own houses, researchers say.
Read More »How Buying a House is Different for Black Americans
Becoming a homeowner often requires financial and lifestyle sacrifices, but a study found that this is truer for people of color.
Read More »New American Funding Announces Expansion
The expansion effort includes strengthening high-level leadership in the target markets, the company reports, which will enable it to "focus on increasing its foothold in these emerging markets."
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