Scaling from Freelancer to Business Owner

Mortgage applications increased 0.6% last week after jumping 29.7% the week prior, according to the Mortgage Bankers Association. View the full article

Lenders recognize the value of regular review of the tech stack, but their approach needs to involve year-round check-ins and conversations with vendors. View the full article

The credit scoring agency's rollout comes after years of criticism from home lenders over its prices, with delivery costs rising over 40% in the past year. View the full article

From volunteer trips to virtual costume parties, lenders are looking for new ways to boost employee wellness to keep their teams happy and healthy. View the full article

Thursday's wild selloffs, and further losses Friday, were a reminder that the fervor of retail traders — whipped up in part by Federal Housing Finance Agency head Pulte — can quickly turn sour. View the full article

Mortgage companies see a lending future backed by artificial intelligence, but there may be as many questions as answers to what the path might look like. View the full article

Rithm Capital, a real estate investment trust, is sponsoring the deal, in which property focused investor loans represent 32.60% of the collateral pool. View the full article

OCMBC launched its new wholesale lender, GIANT Lending, amid a poaching controversy with the naming rights to its old DBA, Jet Advantage. View the full article

The oversight agency for Fannie Mae and Freddie Mac is taking a new approach to affordability targets and is withdrawing some unrelated, older initiatives. View the full article

The Consumer Financial Protection Bureau ended a consent order earlier than expected against the credit bureau TransUnion, saying the company already paid a $5 million fine and $3 million to consumers. View the full article

The volume of home equity lines of credit expanded for the 14th consecutive quarter, driven largely by fintechs and other nonbanks that are accounting for more and more of the business. View the full article

FHFA's announcement has investors increasingly concerned about the Bozeman, Montana-based FICO losing both pricing power and a competitive edge. View the full article

A judge agreed to expand her temporary restraining order to add more federal worker unions after their lawyers said there's an "urgent" need to prevent layoffs. View the full article

The reduction in force affects under 1% of Rocket's team, with the decision to streamline operations made following identifying overlapping roles post-merger. View the full article

Since the end of July, UWM's common stock price gained 55%, but an improved mortgage origination outlook was already accounted for, said Jeffrey Adelson. View the full article

A memo sent to 175,000 employees gives them 60 days to complete the training. View the full article

Refinancing indicators recorded muted gains as home sales challenges persisted ahead of a period when politics may change the market outlook. View the full article

With comments on the proposed repeal due Sept. 26, stakeholders must demand decisions based on data — not politics, according to the founder of 480 Advisors. View the full article

In a complaint filed in Virginia federal court, the FTC said the partnership would reduce the number of websites offering apartment listings, leaving consumers with fewer places to search. View the full article

Contract closings fell 0.2% last month to an annualized rate of 4 million, according to National Association of Realtors figures released Thursday. View the full article

Developing class action cases could corral hundreds of thousands of plaintiffs in fights against lenders who allegedly defrauded customers and employees. View the full article

Financial literacy advocate John Hope Bryant has joined with a Los Angeles-based developer in an effort to raise up to $300 million from banks to preserve and construct low-income housing around the country. View the full article

Former Mr. Cooper CEO Jay Bray will become Rocket Mortgage's president and CEO as the $14.2 billion transaction closes in just six months after announcement. View the full article