Bilt was founded as a startup in 2019 and launched its loyalty reward program in 2021, allowing users to earn cash-back rewards on rent payments. Users also have the option to build their credit scores by reporting their on-time payments to Equifax, TransUnion, and Experian.

Effective immediately, Fannie and Freddie will allow mortgage lenders to use VantageScore credit ratings to assess creditworthiness.

Americans facing housing challenges may benefit from new FHFA policy that counts rent payments toward mortgage qualification, expanding access to homeownership beyond traditional credit.

High home prices and mortgage rates have made it much harder for Americans—especially first-time buyers—to purchase homes. Many current homeowners, especially those with low or no mortgage payments, are staying put rather than selling,

A federal appeals court has upheld the perjury convictions of former Baltimore State’s Attorney Marilyn Mosby, but the court overturned a mortgage fraud conviction and the resulting forfeiture of a Florida property.

Bilt Rewards, the platform best known for doling out rewards points for rent payments, more than tripled its valuation to $10.8 billion in a fresh funding round as it seeks to do the same for mortgages.

Bilt Rewards just closed a $250 million funding round, pushing its valuation to $10.75 billion. $100 million of this round came from United Wholesale Mortgage (UWM), and the two companies are joining forces to bring mortgage rewards to market via mortgage brokers.

The good news is if you're 60 days late on mortgage payments, you're typically not going to be at serious risk of foreclosure yet. The Consumer Financial Protection Bureau (CFPB) says generally lenders can’t start the process until you're 120 days late. Foreclosures are also usually the last resort for lenders.