LoanDepot is partnering with Figure Technology Solutions to launch a home loan product that they say can approve borrowers in as little as five minutes and deliver funding in as few as five days. Processing Content The Irvine, California-based lender will integrate Figure’s proprietary credit and loan underwriting engine into its own proprietary mello technology […]
LoanDepot taps Figure to launch 5-minute loan product Read More »
The idea of potentially unwinding all or part of the uniform mortgage-backed securities process has resurfaced in an analysis of government-sponsored enterprise ownership changes. Processing Content The report by capital markets and policy experts who are part of the Treasury Market Practices Group looks more broadly on what potential ownership changes contemplated at the GSEs could portend,
UMBS a key risk in any GSE ownership change: report Read More »
Mortgage rates backed off their recent 2026 high this week after concerns over an escalation of the Iran War temporarily subsided, but the numbers don’t necessarily mean an end to ongoing volatility, economists warned. Processing Content The 30-year fixed average decreased 9 basis points to 6.37%, according to Freddie Mac’s Primary Mortgage Market Survey of
Iran ceasefire brings brief reprieve for mortgage rates Read More »