U.S. homeowners are sitting on more than $11 trillion in tappable home equity, and the mortgage industry is racing to capture it. Processing Content With interest rates providing little incentive for many homeowners to refinance or relocate, lenders and technology firms are pouring resources into home equity lines of credit, a product long dominated by […]
SoFi enters HELOC market amid home equity surge Read More »
Federal regulators announced today that they are taking steps to spur competition and legislatively mandated modernization in credit scoring. Processing Content Freddie Mac has already tested $10 million in loan sales involving use of VantageScore 4.0 and Fannie Mae also now is offering to buy loans on this basis, according to Bill Pulte, head of
Fannie, Freddie, FHA to accept VantageScore immediately Read More »
Mortgage banking units operated by major U.S. homebuilders saw their pre-tax income slide for the period ended March 31, reflecting the significant year-over-year declines in net income for the period ended March 31 was reported at a quartet of U.S. homebuilders. Processing Content Some analysts are even warning of a lost earnings season for the
D.R. Horton, NVR, Taylor Morrison, M/I Homes earnings recap for mortgage lenders Read More »