Joint venture to help midsize lenders play in tech big leagues
EXL, Corridor Platforms and Oliver Wyman are teaming up to help smaller lenders harness data analytics, artificial intelligence and the cloud for turnkey digital lending programs
by Matt Carter Jul 19
'Crypto mortgage' lets homebuyers leverage bitcoin as collateral
30-year loans of up to $5M provided by Florida-based Milo Credit LLC allow investors to avoid capital gains taxes — and don't require down payments, credit scores or US citizenship
by Matt Carter Jul 19
Kiavi says it's still making loans to real estate investors after layoffs
After unloading $218M in unrated residential transaction loans in June, CEO Michael Bourque said markets for such deals 'are certainly tough right now'
by Matt Carter Jul 18
Credit card revenues surpass mortgages at Wells Fargo in Q2
Rising interest rates and a shrinking branch network are cutting into Wells Fargo's mortgage business, and bank executives say they're fine with that
by Matt Carter Jul 15
Why super long mortgages won't be a thing, and why that's good news
Longer loans, including a 50-year concept recently floated in the UK, are sometimes framed as a way to improve housing affordability. But the experts aren't convinced
by Jim Dalrymple II Jul 15
Why did 60K homebuyers cancel in June? The Real Word
Opinion
This week, Byron Lazine and Nicole White discuss buyer cancellations, outrageous moving costs and the Marketeer
by Byron Lazine Jul 15
Shared equity platform Point enters Nevada, Ohio as part of larger plan
Homeowners in 18 states and Washington, D.C. can tap up to $500,000 in home equity by selling a share of their future home price appreciation to investors
by Matt Carter Jul 14
Leading the way: Woman-to-woman advice about growing your career
Learn how to achieve more with timely and actionable advice from real estate and mortgage marketing expert Jessica Siguenza
by Rachael Hite Jul 14
Rocket Mortgage wants the world to know it's in Canada
Windsor-based mortgage broker Edison Financial will rebrand as Rocket Mortgage in August and begin making direct loans
by Matt Carter Jul 13
Demand for refinancing ticks up slightly as mortgage rates plateau
Purchase loan applications continue to be weaker 'due to the combination of much higher mortgage rates and the worsening economic outlook,' said MBA forecaster Joel Kan
by Matt Carter Jul 13
RE/MAX's Motto Mortgage now has 200 offices in 39 states
With a new office in Alaska and an expanded presence in South Carolina, Motto Franchising has announced 7 new franchisees in 6 states so far this year
by Matt Carter Jul 12
LoanDepot to shed 4,800 workers in 2022 in bid to return to profitability
Lender hopes to cut up to $400M in annual expenses and become profitable by the end of the year, after rising mortgage rates gut profitable refinancing business
by Matt Carter Jul 12
Here are your most-expensive-sale stories: Pulse
Opinion
This week, we asked for all of the glamorous details about the priciest real estate transaction of your career
by Inman Jul 12
UpEquity latest Power Buyer to join zavvie's solutions marketplace
Austin, Texas-based mortgage platform has more avenues to partner with real estate brokerages as it looks to expand its footprint to 23 states by the end of the year
by Matt Carter Jul 11
Here are the mistakes agents must avoid: The Real Word
Opinion
This week, Byron Lazine and Nicole White discuss mistakes agents make when competing, consumer recession fears and the Marketeer
by Byron Lazine Jul 11
As rates rose, demand for mortgages dwindled every month in Q2
Rising rates took their toll not only on refinancing but on homebuyer demand for purchase loans in June, according to an analysis of rate lock data released Monday by Black Knight
by Matt Carter Jul 10