North Carolina-based mortgage lender Premier Lending Inc. has adopted the FICO Score 10 T credit-scoring model for its nonconforming loan originations and whole loan acquisitions. Premier Lending is adopting FICO’s updated credit-scoring model “to continue to drive the company’s innovation strategy forward and help make more homeownership dreams a reality,” the company stated in a […]
Zonda, one of the leading data providers in the homebuilding industry, has acquired Builders Digital Experience (BDX), the company announced on Wednesday. By extension, Zonda also acquired NewHomeSource.com, one of the largest listings platforms for newly constructed homes, and Envision, a new home design platform. Founded in 2000, BDX is owned by a group of […]
The U.S. Department of Housing and Urban Development (HUD) on Wednesday issued a mortgagee letter that implements the Federal Housing Administration’s (FHA) payment supplement partial claim. The new loss-mitigation alternative resulted from the FHA’s acknowledgment that its toolkit wasn’t enough to support struggling borrowers as mortgage rates surged. Since March 2020, lenders and servicers have […]
As a real estate agent, you may think clients should care more about their next home than your life story. And while that may be
When creating retirement plans, people often consider their investments and other financial assets when determining the future course to take, but they rarely consider what
Minnesota-based real estate investment trust Two Harbors has hired industry veteran Kyle Kilpatrick to lead its newly created mortgage originations division, which is part of
Mortgages rates reached their highest level since 2000, construction costs rose and building regulations remained burdensome, leaving U.S. housing affordability near a 10-year low point
Last year marked the 10th consecutive year of population declines for Illinois. According to estimates from the U.S. Census Bureau, the state lost 32,826 residents
Home prices increased in the fourth quarter of 2023 as mortgage rates declined. More than 85% of U.S. metro markets analyzed registered home price increases,
People have been screaming about a housing bubble crash on social media sites for over 12 years. The truth is, U.S. housing credit looks very different than in 2005, 2006, 2007 or 2008. Homeowners have actually never looked better and the data from the Federal Reserve‘s Quarterly Report on Household
As a real estate agent, you may think clients should care more about their next home than your life story. And while that may be true, well-crafted real estate agent bios can build trust and credibility and serve as a powerful tool in an agent’s marketing arsenal — giving prospective
When creating retirement plans, people often consider their investments and other financial assets when determining the future course to take, but they rarely consider what is often their most valuable asset: their home. This is according to Steve Resch, vice president of retirement strategies at Finance of America Reverse (FAR),
Minnesota-based real estate investment trust Two Harbors has hired industry veteran Kyle Kilpatrick to lead its newly created mortgage originations division, which is part of the company’s strategy to retain borrowers from its servicing portfolio when interest rates drop. “He has experience building direct-to-consumer channel products and businesses from scratch,”
Mortgages rates reached their highest level since 2000, construction costs rose and building regulations remained burdensome, leaving U.S. housing affordability near a 10-year low point at the end of last year, according to the National Association of Home Builders (NAHB). According to the fourth-quarter 2023 iteration of the NAHB/Wells Fargo
Last year marked the 10th consecutive year of population declines for Illinois. According to estimates from the U.S. Census Bureau, the state lost 32,826 residents from July 2022 to July 2023. Despite the population decline, Illinois’ housing market remains relatively strong. The state has an Altos Research Market Action Index