Zillow’s mortgage revenue soars on lower interest rates by Jeff Andrews for HousingWire

HousingWireHousingWire A stagnant housing market hasn’t held back Zillow’s mortgage business. On its third-quarter earnings call Wednesday evening, the real estate portal giant reported that its mortgage revenue rose 63% year over year, driven by an 80% jump in purchase origination volume. Compared to the first nine months of 2023,…

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It’s official! FICO raises score price to $4.95 for mortgage lenders by Flávia Furlan Nunes for HousingWire

HousingWireHousingWire Fair Isaac Corp. (FICO), the company that retains the rights to the market’s widely adopted consumer credit-risk assessment methodology, announced on Wednesday that it has increased its wholesale royalty from $3.50 to $4.95 per score for mortgage originators. “At this new per-score royalty, the amount collected by FICO will…

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Will the election impact NAR vs. DOJ? ’That settlement is going through’ by Brooklee Han for HousingWire

HousingWireHousingWire Donald Trump has won the 2024 presidential election and will become the 47th President of the United States. But what could a change in administration mean for the real estate industry that is keeping a close eye on Nov. 26, when the National Association of Realtors’ (NAR) commission lawsuit settlement agreement…

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