Scaling from Freelancer to Business Owner

While borrowing activity increased from a year ago, seasonal patterns and economic concerns suggest near-term slowing, the Mortgage Bankers Association said. View the full article

Solve stages an acquisition, Intercontinental Exchange partners on new indices, Optimal Blue adds updates and Incenter offers a CRA loan trading platform. View the full article

LendingTree found that during 2024, May's median price for a 1,500 square foot home was $194.20 versus January's $178.60, a difference of $23,400. View the full article

Renters who pay on time deserve credit toward homeownership, and new data tools can make that possible, according to the owner of Burkentine Real Estate Group. View the full article

The former American Fidelity Financial Services LO helped others scam homeowners out of their loan proceeds for shoddy or nonexistent home repairs. View the full article

The Cincinnati, Ohio-based bank delivered third quarter earnings that mostly met expectations, even as it took a $200 million blow to credit. View the full article

The Charlotte, North Carolina-based bank reported net income of $1.45 billion for the third quarter and earnings per share of $1.04, which beat analysts' forecast of $0.99 per share. View the full article

Zions Bancorp. is among the latest banks to report material losses due to alleged borrower fraud. Stocks of regional lenders plunged on Thursday. View the full article

Fathom Holdings acquired START Real Estate to expand its first-time homebuyer program, the company announced Thursday. View the full article

Observers believe the government shutdown and lack of data is keeping mortgage rates in the same narrow range, as investors have issues reading the tea leaves. View the full article

The Detroit-based mortgage bank's announcement trailed competitors' by over two weeks, but is taking a more aggressive risk-reward stance on the limit. View the full article

Components of the index all rose, including the highest reading for sales expectations in the next six months since the start of the year. View the full article

Noninterest income at the Minneapolis-based company jumped more than 10% while asset quality improved and expenses held steady. View the full article

Despite the decrease, average profit margins approached 50%, as the lock-in effect continues to stymie inventory growth and keep home values elevated. View the full article

The head of the government-sponsored enterprises' oversight agency also asked existing investors to review risk factors as officials eye a new public offering. View the full article

More than 4,000 federal workers received notices Friday that their last day will be Dec. 9. View the full article

America's second-largest bank revised its net interest income target upward after what analysts called a "clean" third quarter. View the full article

A federal judge in San Francisco ordered a temporary halt to reduction in force orders issued by the Office of Management and Budget during the government shutdown, while OMB Director Russell Vought has said he expects to lay off more than 10,000 federal workers. View the full article

The megalender is accusing a nearby brokerage of skirting labor laws and avoiding significant overhead costs in misclassifying hundreds of employees. View the full article

The new platform already counts two lenders as embedded partners, with the rollout coming as mortgage leaders see rising demand coming for DSCR loans. View the full article

Federal Reserve Governor Stephan Miran said the economic standoff with China could increase market volatility, further necessitating the central bank to move its policy stance to neutral. View the full article

Plaid said LendScore should be viewed as complementary to FICO and other traditional players in the space, but there could be room for disruption in the future. View the full article

The Pittsburgh-based bank's solid third quarter comes weeks after it announced it plans to acquire a Colorado bank for $4.1 billion. View the full article

Retroactive interpretations have bedeviled mortgage servicers and the market for older loans. The industry will be watching other cases in New York closely now. View the full article