FoA will offer the home equity loans through Better’s Tinman platform, a first for the lender, which has focused on reverse mortgages.

Experian joined Equifax in offering free VantageScore 4.0 scores to mortgage lenders that buy certain score bundles.

Rocket was the top issuer of HEL deals in the third quarter, increasing its issuance 27.8% from the second quarter.

The Mortgage insurance firm is in the process of selling its mortgage conduit, Radian Mortgage Capital.

Shutdown-related job losses and furloughs would have the biggest impact on the Washington, DC, metro area, according to Kroll Bond Rating Agency.

Tighter underwriting standards at depositories are driving investors to seek funding from nonbanks at an increasing rate, according to Charles Goodwin, a vice president at Kiavi, a fix-and-flip lender.

Rick Calle previously held the position from 2016 to 2022.

Purchase-mortgage securitizations held agency acquisitions afloat in the third quarter.

While AI use appears to be the norm in the mortgage industry, many lenders said they're hesitant to lean on the technology for originations.

Mortgages with credit scores of 740 or higher accounted for 74% of the GSE purchase market in the third quarter.