Quicken Loans agrees to pay HUD $32.5M

Quicken Loans confirmed today it has agreed to pay the U.S. Department of Housing and Urban Development $32.5 million to resolve a multiyear legal battle between the lender and HUD.

Trump admin blocking undocumented immigrants from FHA loans

A Trump administration official confirmed this week that the Federal Housing Administration is not providing mortgages to undocumented immigrants who arrived in the U.S. as children.

Notarize teams up with Fidelity National Financial

The companies announced the partnership Tuesday, saying in a statement that it will allow Fidelity’s agents to use Notarize’s platform for online closings.

Big changes are coming to Fannie and Freddie … beware

Last weekend the Federal Housing Finance Agency announced the first in a likely series of changes at Fannie Mae and Freddie Mac.

Mortgages are the most satisfying form of debt: Study

Mortgages also apparently lead to less shame than other kinds of debt. Of the study respondents, only 57 percent said they were ashamed of their mortgages while 76 percent said the same of their medical debts.

Lender slapped with $1.75M fine for bungling demographic data

Freedom Mortgage reported inaccurate information on race and sex between 2014 and 2017. The firm originated 50,000 mortgages per year during that period.

Best of both worlds? Notarize launches ‘hybrid’ closings for lenders

The service is exactly what it sounds like, with consumers able to sign some documents online while still wrapping things up in the traditional way at their lender’s office.

Tour Frank Lloyd Wright Mayan-inspired $23M mansion

A Hilton & Hyland agent gave an insider look at an extravagant Frank Lloyd Wright mansion currently on the market for $23 million.

A new ‘uniform’ for Fannie and Freddie aims to help homebuyers, investors

The program will combine previously separate markets for mortgage-backed securities known as TBAs. Proponents say it will lower mortgage interest rates.

Helping buyers find a home for the fam? Share these 7 tips

If you’re working with a buyer who’s in the market for a new house — whether it’s a starter home or their forever home — and has long-term plans to start a family, there are a few recommendations you should make to ensure that they make a smart decision.