6+ day, 15+ hour ago   (580+ words) Fannie Mae has updated its "highest and best use requirements" for the Uniform Appraisal Dataset 3.6 standard currently being implemented. These changes also involve reporting rental income via this standard. The switchover, which is being phased in, requires all appraisals submitted…...

1+ week, 4+ day ago   (421+ words) Chicago-based Rate is opening a profit and loss branch in the city's Elmhurst suburb, bringing in two former Fairway Independent Mortgage originators to helm the operation. The new office "advances Rate's broader expansion of its profit-and-loss platform," the company's press…...

1+ week, 4+ day ago   (292+ words) As lenders increasingly implement artificial intelligence, homebuyers are becoming more trusting of it. United Wholesale Mortgage and other lenders are responding to this information. UWM announced last week it launched a "first-of-its-kind" ChatGPT plugin that connects borrowers with independent mortgage…...

1+ week, 5+ day ago   (777+ words) The 10-year Treasury yield, one of the benchmarks used for pricing 30-year fixed rate mortgages, closed just shy of 4.8% on Sept. 1, its highest point since Jan. 14, 2025, according to Yahoo Finance. The bond market was already unsettled heading into Federal Reserve…...

1+ week, 5+ day ago   (617+ words) D.R. Horton is tapping the full legal playbook to challenge a class action racketeering lawsuit plaintiffs say could encompass tens of thousands of homeowners. The nation's largest home builder last week filed a motion to compel arbitration with the home buyers…...

2+ week, 5+ day ago   (542+ words) Home prices inched up only slightly to wrap the spring homebuying season. The S&P Cotality Case-Shiller indices posted a 1.5% annual gain in home prices in June, but just a 0.1% monthly increase. While the year-over-year figure represented a slight uptick,…...

2+ week, 6+ day ago   (920+ words) Just as the trial was set to start, Zillow and Redfin settled anticompetitive claims over a rental advertising deal raised by the Federal Trade Commission and five state attorneys general. The agreement could lead to a Redfin that funnels more…...

2+ week, 6+ day ago   (637+ words) The New York Stock Exchange sent a deficiency letter to loanDepot on Friday, the company announced, stating it was in violation of minimum stock price rules. As of Aug. 20, loanDepot has not been in compliance with the requirement that its…...

3+ week, 2+ day ago   (644+ words) The tortuous, but ultimately successful, path to passage of the recent housing bill brought with it a noticeable slowdown in build-to-rent construction this year. Builders broke ground on approximately 15,000 single-family BTR constructions in the second quarter. Volume came in "measurably…...

3+ week, 3+ day ago   (793+ words) Mortgage lenders who fast track their closing and funding processes have a critical differentiator in the marketplace, with the number of those offering an accelerated home equity function has grown, a report from Keynova Group said. The company's 2026 Mortgage-Home Equity…...