U.S. existing-home sales rose slightly in February, increasing 1.7% from the previous month, though activity remained lower than a year earlier, according to new data released Tuesday by the National Association of Realtors (NAR). The organization reported sales reaching a seasonally adjusted annual rate of 4.09 million in February. Compared with the same month last…
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Better Home & Finance Holding Co. announced Tuesday that it’s powering the launch of Credit Karma Home Loans, an AI-driven refinance platform aimed at helping homeowners lower their mortgage payments. The platform allows eligible Credit Karma members to get preapproved in as few as five clicks and complete a refinance in as little as 10…
PennyMac Financial Services, Inc. said on Tuesday that it has launched a suite of non-qualified mortgage (non-QM) products within its third-party origination division, aimed to help lending partners serve borrowers with complex financial profiles. “Pennymac TPO’s newest offerings give our partners tools to help self-employed, entrepreneurs and business owners participate in homeownership,” said Kim Nichols,…
The Alexander brothers were convicted Monday in federal court on sex trafficking charges following a five-week trial in which prosecutors alleged they drugged and sexually assaulted numerous women. A jury found twins Oren and Alon Alexander, 38, and their older brother Tal Alexander, 39, guilty on multiple counts after hearing testimony from 11 women who…