Monday, April 28, 2025
Overlooked in the deals for Redfin and Mr. Cooper is the fact that Rocket is picking up a distributed retail lender that did $4.5 billion in originations last year. We explore the giant's potential plans for Bay Equity.
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Monday, April 28, 2025
With federal oversight shifting under the current administration, some mortgage lenders may feel less pressure to prioritize compliance and loan quality. But, according to industry experts Amanda Phillips, General Counsel and EVP of Compliance at ACES Quality Management, and Richard J. Andreano, Jr., Practice Leader of the Mortgage Banking Group at Ballard Spahr LLP, loosening internal controls now could have long-term consequences. In this Q&A, they share why lenders should remain vigilant — and how technology can support that effort.
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Monday, April 28, 2025
In the race to create a convenient, modern borrowing experience, many lenders have seized on native mobile apps as the next big thing in mortgage origination. At first glance, the appeal is obvious: an app can live right on a borrower’s phone, promise to save their progress, and provide a sleek, branded interface. Yet, in practice, lenders tell us that only about 20 percent of borrowers take that route when given the choice. The other 80 percent head straight for the mobile-friendly website instead. Outside of mortgage, an estimated 99.5% of consumer apps and 87% of business apps fail. These trends tell us something important: consumers may crave a frictionless experience on their phones, but they often don’t see a compelling reason to download an app—especially for a process they only go through every few years.
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Saturday, April 26, 2025
Last week, mortgage rates and the 10-year yield slowly moved lower as the week progressed. Can this relative calm last?
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Friday, April 25, 2025
NWMLS is not Realtor association affiliated and its Clear Cooperation Policy does not allow for office exclusives.
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Friday, April 25, 2025
Multiple sources told HousingWire that the terminations took place on Friday, following a series of moves designed to limit DEI.
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Friday, April 25, 2025
The reverse mortgage industry's first event of 2025 is happening in Irvine, California, and NRMLA's president offers a preview.
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Friday, April 25, 2025
The restored Community Compass and Distressed Cities agreements allow the Cleveland-based nonprofit to resume work supporting communities facing economic hardship.
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Friday, April 25, 2025
Inside Mortgage Finance (IMF) data for the first quarter of 2025 was released this week. The numbers show little movement in the composition of the top 10 originators, but there is significant volatility in sales volumes on both a quarterly and yearly basis.
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Friday, April 25, 2025
University of Wisconsin-Madison researchers are developing a mobile app that could make renovations for aging in place easier to recommend.
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