The Mortgage Note

12/23/2024

Articles and podcasts about technology, the National Association of Realtors settlement, and a class action lawsuit against UWM impacted our readers the most in 2024.

Articles and podcasts about advancements in technology, the NAR settlement, and a class action lawsuit against United Wholesale Mortgage impacted readers in 2024.

12/19/2024

Listen to our latest podcast and learn how Tavant is using generative AI to help lenders drive down origination costs while increasing borrower confidence. bit.ly/4gn5jVg

12/19/2024

Mortgage servicers push homeowners to take on debt or burden them with needless paperwork requests after divorce or the death of an original borrower, according to the CFPB.

Mortgage servicers push homeowners to take on debt or burden them with needless paperwork requests after divorce or the death of an original borrower, according to the Consumer Financial Protection Bureau.

12/19/2024

The Federal Reserve cuts rates for the third time this year but stocks dropped based on future predictions. Writer Patrick Lavery has the story.

By PATRICK LAVERY Experts and analysts had been predicting it for weeks, so the first shoe to drop Wednesday afternoon was expected: The Federal Open Market Committee voted to cut its key interest rate by another quarter-point, its third consecutive cut after more than a year of inaction, and a r

12/18/2024

Mortgage applications dropped last week as rates reversed course, breaking a multi-week streak of easing unaffordability.

12/18/2024

Housing starts slipped again last month but new construction may soon swell.

12/17/2024

Buying a starter home is over $1,000 more expensive per month than renting but that doesn’t mean either is a cheap option.

Buying a starter home is more than $1k more expensive per month than renting but that doesn't mean either is a cheap option.

12/17/2024

Officials in Canada announced over the weekend that the boldest mortgage reforms in decades have gone into effect in their country. Could the U.S. follow their lead? Writer Erin Flynn Jay has the story.

Officials in Canada announced over the weekend that the boldest mortgage reforms in decades have gone into effect in their country.

12/16/2024

Lawyers for the plaintiffs in a class action racketeering lawsuit against United Wholesale Mortgage are opposing efforts to have the case dismissed. Editor Kimberley Haas has the latest details.

Lawyers for the plaintiffs in a class action racketeering lawsuit against United Wholesale Mortgage are opposing efforts to have the case dismissed. It is alleged that UWM consumers were duped into overpaying for their loans by brokers who sent most of their business to the lender.

12/16/2024

A third cut to the Federal Reserve's key interest rate is likely this week but what happens next is up in the air. Writer Patrick Lavery has the story.

The Federal Open Market Committee holds its final two-day meeting of 2024 this week.

12/13/2024

Mortgage rates declined for a third straight week, but affordability is keeping demand leashed.

12/13/2024

It's a jungle out there for home buyers, with twists and turns every step of the way. Editor Kimberley Haas offers advice for people trying to close, or get out of, a deal.

The housing market is tough for any buyer to negotiate. Unexpected things pop up at every turn and closing a deal can seem like a second job.

12/13/2024

The Community Home Lenders of America sent a letter to the Consumer Financial Protection Bureau pressing for action on trigger leads.

12/12/2024

Blue Sage Solutions is now the first LOS to fully integrate Fannie Mae’s Income Calculator.

Blue Sage Solutions is now the first LOS to integrate Fannie Mae’s Income Calculator.

12/12/2024

Matt Nader has been named president of First Home Mortgage. He has been with the company since 2018 when he joined as a loan officer.

Matt Nader has been named president of First Home Mortgage.

12/11/2024

Some states offer better opportunities for remote workers. Writer Erin Flynn Jay found out where they are and what makes them a good fit for people who work from home.

Despite calls from corporations demanding employees return to offices in person, remote work has become a part of life for many Americans, with some states offering better opportunities for people who have chosen to work from home.

12/11/2024

Refi applications are up 42% YOY, and their share of mortgage activity has risen to 46.8% of total applications.

Mortgage applications rose for yet another week as rates sank again, with refinances driving the data with a huge jump.

12/10/2024

The top markets of 2025 have available inventory, relative affordability, and plenty of young families.

The top markets of 2025 have abundant inventory, relative affordability, and plenty of young families.