Homepoint COO Lisa Patterson to speak at Spring Summit

Lisa Patterson, chief originations officer at Homepoint, will speak on a panel titled Operational Strategies in the Current Market at HousingWire’s Spring Summit on March 4. Patterson will be joined on the panel by Dave Vermillion, founder and CEO of Mortgage Champions, and Fred Bolstad, executive vice president of retail lending at

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Women pay higher mortgage rates in 49 states

In Mississippi, single women on average paid 3.47% on a 30-year, conventional fixed-rate mortgage in 2019. But single men on average paid 3.37%, according to the latest HMDA data available. Over the lifespan of the mortgage, the single woman in this instance will have roughly $7,000 more in mortgage payments

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How Guaranteed Rate donated over $7 million in 2020

Every month, Guaranteed Rate CEO Victor Ciardelli sits down and reads through story after story of people who are working to overcome extraordinary hardships and are in need of financial support, looking at ways the company can step in and provide help.  This is one of the final steps in

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2021 Rising Stars Nominations are closing soon!

Today is the last day to nominate a 2021 Rising Star – don’t forget to submit your nominations by the end of the day! The past year has presented an opportunity for young leaders to step up and prove their value under unique circumstances in the housing world. And while

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Finicity launches verification service approved by GSEs

Finicity, an open-banking solutions provider that was acquired by Mastercard in October, announced that it is dipping further into the mortgage space. Finicity’s latest product, dubbed its “mortgage verification service,” will allow prospective borrowers to provide certain permissions that allow mortgage lenders to verify assets, income and employment on one

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Zestimate to double as Zillow’s iBuying offer

Zillow is putting their money where their Zestimate is, at least to a point. The “Zestimate,” Zillow’s catchy (and soapy) name for estimated home values, will sometimes be used as the initial offer Zillow plans to pay to purchase a home, the company said on Thursday. Zillow’s own estimated home

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Blend’s Nikolaos Pavlou to speak at Spring Summit

Nikolaos Pavlou, product marketing manager at Blend, will sit down with other housing luminaries to discuss what mortgage tech is solving now at HousingWire’s Spring Summit on March 4. Pavlou will be joined by Finicity’s Senior Vice President of Product and Strategic Programs Lisa Kimball, and Qualia‘s Director of High

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Rocket Mortgage made $9.5B in profits in 2020

Rocket Companies, the parent company of Rocket Mortgage, cleared another $2.48 billion in profits during the fourth quarter, giving the nation’s biggest mortgage lender a total of $9.5 billion in profits for 2020. Rocket originated $107.2 billion in mortgages, with net rate lock volume of $96 billion in the fourth

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Pending home sales drop, but there’s a silver lining

It’s like the Yogi Berra quote – nobody goes there anymore, it’s too crowded. For the fifth consecutive month, U.S. pending home sales dipped – this time, down 2.8% in January from December, according to a report from the National Association of Realtors. And inventory shortages are the culprit. Despite the

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FHFA extends forbearance period to 18 months

Borrowers with mortgages backed by Fannie Mae and Freddie Mac may be eligible for an additional forbearance extension of up to six months, the Federal Housing Finance Agency announced Thursday. On Feb. 9, the FHFA extended forbearance plans an additional three months past beyond their initial 12 month expiration. With the latest edict, the agency is

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Mortgage rates climb higher to 2.97%

The average mortgage rate for a 30-year fixed loan is now just 3 basis points away from 3%, after a 16 basis point jump last week pushed mortgage rates to 2.97%, according to Freddie Mac’s Primary Mortgage Market Survey. The average mortgage rate hasn’t risen this high since the end of July 2020,

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Shellpoint’s Debbie Thayer to speak at Spring Summit

Debbie Thayer, executive vice president of default administration at Shellpoint Mortgage Servicing, will speak on a panel titled Servicing Challenges During a Pandemic Period at HousingWire’s Spring Summit on March 4. Thayer will be joined on the panel by Courtney Thompson to discuss how servicers have scaled staff and operations to make

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