Younger homebuyers turn to social media, AI and each other
Faced with high housing costs, economic instability and declining trust in traditional lending institutions, younger generations are redefining how they approach homeownership.A newly released NextGen Homebuyer Report — compiled by National Mortgage Insurance and financial literacy nonprofit FirstHo
Which is better for mortgage — FICO or VantageScore?
VantageScore and FICO have escalated their rivalry in the mortgage space following the Federal Housing Finance Agency’s (FHFA) decision to allow Fannie Mae and Freddie Mac to purchase loans underwritten with VantageScore 4.0 as an alternative to the Classic FICO score. Both companies published analy
Mutual of Omaha expands proprietary reverse mortgage offering to more states
After launching a new proprietary loan product this spring, one of the nation’s leading reverse mortgage lenders has expanded the offering this week to more states.Mutual of Omaha Mortgage announced on Friday that its SecureEquity+ product, which became available in April to eligible California and
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