Freddie Mac will launch a new fee-based repurchase alternative pilot program for performing loans in 2024, designed to improve the quality of performing loans through a potential replacement of its current repurchase policy for defective performing loans.“The pilot will use a fee-based structure tha

CUSO Home Lending rolled out Dark Matter Technologies’ Empower loan origination system (LOS) for its credit union owners. CUSO Home Lending — a lender owned by Maine credit unions — became the first credit union service organization to leverage Empower’s newly developed joint-venture feature that al

ANAHEIM, Calif. — Andy Florance, founder and CEO of CoStar Group, wants to set one thing straight: his company had nothing to do with the commission lawsuits now rocking the real estate world.“We had zero involvement with that lawsuit. We learned about it from NAR long after it started,” Florance sa

Mortgage demand for new homes jumped in October as the inventory for existing homes remained depleted.Mortgage applications for new-home purchases rose 39.7% in October on a year-over-year basis and were up 6% from the previous month, according to the Mortgage Bankers Association (MBA) Builder Appli