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Fannie Mae’s new version of DU to focus on credit risks
A new version of Fannie Mae's Desktop Underwriter arrives in January with a series of changes for evaluating credit risk from borrowers.
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Rate announces revamp of reverse mortgage division with industry veterans
Rate has announced a shakeup in its reverse mortgage division’s leadership by appointing two longtime industry veterans to lead the company’s efforts with older borrowers.
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Credit reports will be at least 20% more expensive in 2025, frustrated mortgage execs say
Lenders have yet to see price increases from credit providers. However, in planning for 2025, many have already started factoring in higher credit reporting costs.
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FHA wants added flexibilities for borrowers renting out a bedroom
The proposal would add underwriting flexibilities for FHA-insured loan applicants receiving rental income from boarders.
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HSBC commits $25M to NCRC partnership following redlining allegations
HSBC has agreed to direct $25 million over the next four years to support underserved communities in an agreement with the National Community Reinvestment Coalition (NCRC).
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76% of home sellers say real estate agents are absolutely worth it
A new report from Clever reveals that about three-quarters of recent sellers still believe full-service real estate agents are the best way to sell a house.