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Better rolls out FHA streamline refi product

Better Home & Finance Holding Co., the parent of digital lender Better.com, rolled out its Federal Housing Administration (FHA) streamline refinance program on Monday. The product is available for qualified borrowers with an existing FHA loan who are looking to lower their monthly mortgage payment, reduce their interest rate, shorten their loan term or get…

CHLA urges ‘balancing’ of consumer, servicer needs in loss-mitigation proposal

The Community Home Lenders of America (CHLA) on Monday submitted a letter to Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra, urging the agency to balance the time frame and processes of loss mitigation in its revisions to Regulation X proposed in July. The proposals require mortgage servicers to emphasize borrower assistance and loss-mitigation options…

Revive makes property valuation tool available to consumers

Presale renovation firm Revive has made its artificial intelligence-powered property valuation tool available to everyone, according to an announcement on Thursday. Previously, the Revive Vision AI platform was only available to registered real estate agents. “Making Revive Vision AI available to anyone marks a new era in property valuation, where agents and consumers alike can…

reAlpha gets into the mortgage brokerage biz, acquires Be My Neighbor

Publicly traded real estate software firm reAlpha Tech Corp. added mortgage lending under its umbrella by acquiring mortgage brokerage company Be My Neighbor on Monday. reAlpha agreed to pay Be My Neighbor an aggregate purchase price of up to $6 million. This consists of $1.5 million in cash paid on the closing date, $1.5 million…