Quicken to allow Vrbo short-term rental income for mortgage qualification

Quicken Loans and vacation rental company Vrbo are partnering to allow prospective buyers to use rental income on primary or secondary homes to qualify for a mortgage. 

Flat-fee brokerage Reali acquires mortgage lender

Flat-fee brokerage Reali announced Wednesday that it has acquired a loan company and is launching its own, in-house mortgage service.

Flat-fee brokerage Reali acquires mortgage lender

Flat-fee brokerage Reali announced Wednesday that it has acquired a loan company and is launching its own in-house mortgage service.

General Electric will pay $1.5B over subprime lending

General Electric has agreed to pay $1.5 billion to the U.S. Justice Department over allegations that one of its subsidiary businesses made misrepresentations related to subprime lending.

5 simple tips for setting buyer expectations

If you’ve ever had stressed out buyers, you know that they can consume your time, resources and energy. Take the time to explain the purchase process and set expectations, and you’ll create a zen buyer experience that your clients will remember forever.

Constellation Real Estate Group adds 12th company to portfolio

Constellation Real Estate Group has acquired mortgage tech provider Mortgage Builder, adding a 12th company to its rapidly growing portfolio.

Should you be working with this buyer? 3 ways to tell

One of the most important rules of sales is to not spin your wheels on a dead-end deal — and real estate is no exception. Taking a few extra steps in the beginning to qualify a new buyer beyond financing can help set up both parties for success. Here are three ways to qualify buyers and dodge dead-end deals.

Fannie and Freddie critic Mark Calabria confirmed as Housing Finance director

The U.S. Senate on Thursday confirmed Mark Calabria to head the Federal Housing Finance Agency, the agency tasked with overseeing the government-sponsored entities Fannie Mae and Freddie Mac.

JPMorgan Chase CEO says US ‘desperately needs mortgage reform’

Jamie Dimon doesn’t wade deeply into specific changes that he’d like to see in the mortgage industry, but in his new letter, he does point to his company’s new digital mortgage fulfillment process — which he says allows closings within three weeks — as a bright spot.

Why you should never skip pre-qualifying buyers

Buyer clients will often ask: Do I need to be pre-approved for a loan before I start house hunting? Yes. This practice is the first step necessary to put clients in a strong buying position to reach their goals in the journey to homeownership.