UWM rolls out 'one-time-close' new construction loan in time for spring
Buyers can put as little as 5% down when taking out a new construction loan, with 1 closing and an optional float-down to secure a lower interest rate, according to United Wholesale Mortgage
by Matt Carter Feb 6
Amerant Mortgage launches Midwest hub in St. Louis, Missouri
Florida's largest community bank, Amerant Bank, continues to grow the national footprint of its mortgage subsidiary, Amerant Mortgage, through acquisitions
by Matt Carter Feb 3
Essent scooping up Finance of America's title businesses for $100M
Struggling lender's pivot to reverse mortgages creates an opportunity for big private mortgage insurer to acquire Agents National Title and Boston National Title
by Matt Carter Feb 2
Offerpad cutting more jobs in conjunction with $90M raise
Struggling iBuyer confirms the company has laid off an unspecified number of employees in a second round of layoffs, with more details coming on Feb. 22 Q4 earnings call
by Matt Carter Feb 2
Wells Fargo lays off 140 as it backs out of correspondent mortgages
In a Worker Adjustment and Retraining Notification, the company outlined its plans to reduce its workforce size. The company began executing the plan Tuesday in Springfield, Illinois
by Ben Verde Feb 2
Mortgage rates may ease as modest Fed rate hike could be its last
Fed Chair Jerome Powell is telegraphing one more small adjustment in March, but some bond market investors think rate hike campaign may now be over
by Matt Carter Feb 1
Offerpad buys more time with $90M raise as end of runway approaches
Private placement with existing investors including CEO Brian Bair extends the company's cash burn runway by six months to a year, dilutes existing shareholders KBW analysts say
by Matt Carter Feb 1
In a first, Rocket Mortgage powers mortgages for a community bank
Nashville, Tennessee-based Fourth Capital Bank is the first to integrate Rocket Mortgage’s digital mortgage application using new platform developed by Q2 Software
by Matt Carter Jan 31
Freed from iBuying, Zillow wants more from its mortgage arm in 2023
To outside analysts, it appears Zillow got out of iBuying just in time. Now the company is looking ahead to a post-downturn world. Here are the biggest challenges Zillow will face in 2023
by Daniel Houston Jan 30
How to answer the top 4 questions buyers are asking right now
Your clients will always surprise you with questions that you may not know the answer to, but it is our duty to be educated, knowledgeable, and a source of information and value to our clients
by Amie Quirarte Jan 28
Want to crush it in real estate in 2023? Get ready to be the educator
Real estate agents should prepare to point consumers toward information that will help them navigate a return to a normal, slower market, Anthony Lammachia said at ICNY on Wednesday
by Taylor Anderson Jan 25
Homebuyer demand for mortgages up for second week in a row
Purchase loan requests rise 3% week over week as mortgage rates ease but remain down 39% from the same time a year ago
by Matt Carter Jan 25
Vishal Garg is back, with plan to save Better: The 'One Day Mortgage'
Comparing himself to Henry Ford and Elon Musk, CEO says he's reconfigured Better's assembly line to crank out mortgages in a single day
by Matt Carter Jan 25
Rates may ease, but affordability tools will still be in demand
Zillow, UWM executives are optimistic mortgage rates will come back down but advised real estate agents at Inman Connect New York on Tuesday to get familiar with affordability tools
by Matt Carter Jan 24
Risk has re-entered the financing conversation
Bob Groody of Maxwell and Shant Banosian of Guaranteed Rate discussed the current state of creative financing tools for consumers at Inman Connect New York on Tuesday
by Ben Verde Jan 24
New American Funding referring homeowners to EasyKnock
Independent mortgage lender is now sending homeowners who are interested in converting their home equity into cash over to EasyKnock to explore a sale-leaseback
by Matt Carter Jan 24