Tomo said it can save the typical homebuyer $4,000 at closing through the use of its AI underwriting software.

Fix-and-flip operators saw increased competition in some areas in the fourth quarter, but are optimistic for growth in 2025.

The lawsuit involves paperwork errors for the titles of 10 Georgia properties where Groundfloor provided business purpose loans.

Santander Bank joins non-QM MBS issuer ranks; Annaly starts securitizing HELOCs; AFR improves pricing on non-owner-occupied loans; A&D Mortgage launches AUS platform for non-QM loans.

A bill that would exclude mortgage trustees from new Maryland licensing requirements passed a state senate committee vote.

A new securitization includes $51.8 million of real estate tax liens primarily for residential and commercial properties.

At a public hearing next month, State Farm will have to justify its request to raise home insurance premiums by 22%.

Ellington Financial signed a joint venture with an unnamed mortgage originator in the fourth quarter.

After achieving profitability in the third quarter, loanDepot returned to the red in the fourth quarter. And the CEO brought on to turn the nonbank’s fortunes around three years ago is departing, with company founder Anthony Hsieh taking a larger role.

The growth is expected to be driven by a few repeat issuers. Only three credit unions were repeat issuers in 2024.