News
Linkhome buys mortgage lender to finance AI chip business
15+ hour, 18+ min ago (488+ words) Linkhome Holdings, an artificial intelligence-powered real estate and fintech company, is leveraging a recent acquisition to launch a new graphics processing unit financing business. The company completed the purchase of 100% of the equity interests of Mortgage One Group, marking a…...
Purchase demand lifts mortgage applications
20+ hour, 2+ min ago (535+ words) Mortgage activity increased last week, as rates held steady in the mid-6% range, the Mortgage Bankers Association found." The MBA's Market Composite Index, a measure of mortgage loan application volume, increased 0. 4% on a seasonally adjusted basis from one week prior for…...
Customers slam Hometap with a wave of class action lawsuits
1+ day, 2+ hour ago (774+ words) Home equity investment platform Hometap is facing a surge of litigation from its customers over its shared-appreciation contract product that litigants describe as "predatory and abusive." Consumers accuse Hometap of violating the Truth in Lending Act, for failing to treat…...
Bill could triple fees for VA interest rate reduction refi loans
1+ day, 2+ hour ago (896+ words) Fees for Veterans Affairs interest rate reduction refinancing loans (IRRRLs) could nearly triple if Congress passes the Take Care of America's Veterans Act as currently proposed. The bill has been introduced in both the House and Senate, with the lead…...
VC cash pours into mortgage fintechs betting on AI, equity
1+ day, 16+ hour ago (898+ words) Home equity access and artificial intelligence-powered means of reducing operational costs are two opportunities investors are prioritizing, with recent funding showered on fintechs aiming to provide solutions that specifically address those needs." With venture capital interest re-emerging this year following…...
Stalling prices, rising inflation squeeze housing wealth
1+ day, 22+ hour ago (474+ words) Home prices grew at a relatively flat rate in April, while inflation continued to surge, a new industry report found. The S&P Cotality Case-Shiller home price index rose 0. 8% year over year in April, up from a 0. 7% increase in the…...
Fannie Mae names buyer of its first RPL deal in 2026
1+ day, 18+ hour ago (594+ words) A government-sponsored enterprise has announced the winning bidder for the first package of reperforming loans it brought to market in 2026. Pacific Investment Management Co. won the bid for the $564. 63 million pool of RPLs that Fannie Mae co-marketed with Citigroup Global…...
Why closing costs fell in 28 states, rose in 23
1+ day, 19+ hour ago (594+ words) Closing costs fell year-over-year in 2025 by nearly 3% as lower home prices reduced a portion of the calculation, according to Lode Star Software Solutions. Of the 50 states and the District of Columbia, closing costs fell year-over-year in 28 and rose in the…...
Startup lender accuses rival of using government as a weapon
2+ day, 6+ hour ago (922+ words) California mortgage lender Lendwise Mortgage claims it has evidence a competitor its suing is responsible for submitting false fraud reports, and used the government as a weapon to retaliate against it. Lendwise argued the motion should be denied because the…...
Servicing costs per loan climb as policy shifts bite
2+ day, 12+ hour ago (386+ words) Total direct operational costs in servicing, a subcomponent of total expenses, increased by a few dollars per loan compared to last year as mortgage companies contended with policy change. Systems and customer service at $36 and $33 per loan, respectively, accounted for…...