Tenant interest in rent reporting has grown since the Federal Housing Finance Agency reaffirmed plans to include those payments in mortgage credit decisions. Instances of self-reported rent are up so far in 2025, at 13% compared to 11% in 2024, according to credit bureau TransUnion. That could help increase the use of a credit score […]
Tenant self-reporting grows as GSEs add rent-based score Read More »
Evidence of homeowners’ desire to refinance at the first signs of falling mortgage rates appeared in August’s data as rate-and-term transactions hit a 2025 high. Rate-and-term locks accelerated 69.8% from the prior month, according to Optimal Blue’s Market Advantage report. Compared to August 2024, though, volumes finished 8.7% lower. Cash-out refinances also saw a monthly
Rate-and-term refi activity hits 2025 high mark Read More »
Fairway Home Mortgage is working with OpenAI to help improve the efficiency in its loan manufacturing processes. While the use of ChatGPT is just part of that strategy, process improvement to allow loan officers to focus more on their customers is the primary aim, said Caleb Ondrusek, who Fairway promoted to executive vice president of
Fairway turns to OpenAI for origination process improvement Read More »