How Offerpad execs plan to pivot from seller's to buyer's market
Executives at pioneering iBuyer see tremendous opportunity if they can negotiate today's challenging 'in-between' phase where buyers and sellers are on the fence
by Matt Carter Jan 19
Homebuyer loan requests jump 25% as mortgage rates continue to fall
After 2 months of declines, mortgage rates are now at their lowest level since September with potential to spur spring homebuying: MBA economist
by Matt Carter Jan 18
Knock increases bridge loan for home prep to $35,000
The 6-month loan is a component of Home Swap that allows clients to prepare a home for market through basic repairs, small finish upgrades, painting and other items buyers look for in a home
by Craig C. Rowe Jan 18
5 key questions to ask your seller facing foreclosure
Opinion
Taking on a foreclosure listing is a big challenge. Make sure you ask these questions first to determine whether listing the home is the best solution for the homeowner
by Minna Reid Jan 18
Lower signs Opendoor as first mortgage platform customer
Lower's 'mortgage as a service' platform lets brands offer digital-first mortgages through application programming interface and no-code solutions
by Matt Carter Jan 17
Splitero's $11.7M Series A takes aims at HELOC market
San Diego-based Splitero has secured more than $1B in total financing to back its model, which offers cash payments, or Home Equity Investments (HEI), to homeowners
by Craig C. Rowe Jan 17
Opendoor in 2023: The iBuying king and a business model in turmoil
Opendoor faces a fight for survival after ‘an abrupt strategy pivot’ sent it to 2023 ‘without a proven business model.’ See the 5 biggest challenges facing the king of a troubled business model
by Taylor Anderson Jan 17
City National Bank to pay at least $31M to settle redlining charges
Biggest redlining settlement in DOJ history is 5th enforcement action since launch of initiative to combat redlining in 2021, with $75M in relief to date. Bank denies it engaged in redlining
by Matt Carter Jan 13
Inman unveils inaugural 2023 Power Players awards
With its inaugural Power Players list, Inman recognized more than 120 industry leaders for their influence and ingenuity as it kicks off a year of expanded awards
by Inman Jan 12
Refis ramp up as rates fall to 6.28% — but homebuyers stay on the fence
Requests to refinance accounted for 31% of all loan applications last week, well below the past decade’s average of 58%, according to a weekly MBA lender survey
by Matt Carter Jan 11
Wells Fargo exiting correspondent mortgage lending business
Executives hope to reduce risk by reducing the size and narrowing the focus of bank's mortgage business to better serve retail customers and minority communities
by Matt Carter Jan 11
Blend cuts nearly 30% of workforce in blistering 4th round of layoffs
Blend also announced the resignations of President Timothy Mayopoulos, Head of Finance Marc Greenberg and Head of Legal Crystal Summer amid a round of cuts impacting about 340 workers
by Matt Carter Jan 10
Defy Mortgage launches as new player in non-QM lending
Nashville, Tennessee-based lender to serve entrepreneurs and gig workers nationwide, accepting alternative forms of income and assets including cryptocurrency
by Matt Carter Jan 10
Cordless Media ads on MLSs will provide real-time mortgage rates
Ad marketplace is first to implement Optimal Blue's new lead-quoting application programming interface, allowing ads to display rates from multiple lenders
by Matt Carter Jan 10
Homebuyer sentiment ticks up again on signs of market top
More consumers are coming around to economists' views that home prices and mortgage rates probably peaked last year, according to a monthly survey by Fannie Mae
by Matt Carter Jan 9
older millennial
Mortgage rates remain well below 2022 highs as the spring homebuying season approaches, according to a weekly lender survey by the Mortgage Bankers Association
by Matt Carter Jan 4