- Mortgage Innovations Blog
The world’s largest credit union is joining the growing list of lenders that are taking the mortgage process digital. Navy Federal Credit Union announced Monday that it is launching a digital mortgage application platform that offers borrowers the opportunity to receive a loan preapproval “instantly” in some cases, submit loan documents electronically, track their loan
Jump to the section that interests you Knowing how to compare mortgages can be a daunting process, especially for a first-time buyer. The difference in monthly repayments is only the tip of the iceberg of all the different ways in which mortgage deals can vary, which can make finding the best mortgage deal a lengthy
What’s driving current mortgage rates? Average mortgage rates rose on Friday, as we predicted. But the increase was tiny. Leaving aside Thursday, that average is currently at its lowest since November 2016, according to Mortgage News Daily. This week has the potential to bring more reductions or sharp rises, depending on how it plays out.
Dozens of the worst-run nursing homes in the United States have mortgages guaranteed by a federal agency that mostly stopped inspecting such homes several years ago. Seventy-four nursing homes with mortgages insured against default by the agency, the Department of Housing and Urban Development, are among 478 homes identified this month by two United States
As banks continue to partner with financial technology companies, digital mortgage application company Blend is hoping a major fundraising round will help create new partnerships. Blend, which sells its white-label mortgage application platform to lenders, announced it has raised $130 million in Series E funding, bringing its total fundraising haul to $310 million. Singapore’s Temasek
Zack Sucher, Bubba Watson, Patrick Reed and Billy Horschel will be among the notables reviewed in Tuesday’s Fantasy Insider. After five years as the title sponsor of the Quicken Loans National held in the Mid-Atlantic, the mortgage lender has partnered with Detroit GC for four years and rebranded its event as the Rocket Mortgage Classic.
Mortgage insurance makes its mark Mortgage insurance often gets a bad rap. But according to new data, it actually helped more than 1 million Americans either purchase a home or refinance their mortgage loan last year. Verify your new rate (Jun 24th, 2019) 30 million mortgages and counting According to new data from U.S. Mortgage
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Blend, a mortgage technology firm that named former Fannie Mae CEO Tim Mayopoulos its president early this year, has raised $130 million in Series E funding for an expansion. In addition, Blend also has named former Pixar Chief Financial Officer Ann Mather an independent board member. Mather also is a member of the board at
Jessie Roberts/Unsplash Several benchmark mortgage rates ticked up today. The average for a 30-year fixed-rate mortgage floated higher, but the average rate on a 15-year fixed ticked downwards. Meanwhile, the average rate on 5/1 adjustable-rate mortgages climbed. Mortgage rates are constantly changing, but, overall, they are very low by historical standards. If you’re in the