Foreclosures drive 53% listings growth on auction site Hubzu
Site operator Altisource posts its first quarter of sequential revenue growth in nearly 3 years, according to a quarterly earnings call Thursday
by Matt Carter Apr 29
Most homebuyers ready to make an offer 3 days after showing: Survey
One-fifth of prospective homebuyers polled would also be willing to put in an offer immediately, according to Bank of America's annual Homebuyer Insights Report, released Thursday
by Matt Carter Apr 28
Better shed nearly 60% of employees and posted $304M loss in 2021. But IPO still in cards, SEC filings show
New documents filed Monday with the US Securities and Exchange Commission shed new light on just how bad the past 18 months have been for the online mortgage lender
by Taylor Anderson Apr 28
Rocket and Wells Fargo eye buyouts and layoffs in face of rising rates
Rocket Mortgage and Amrock, Rocket’s title and settlement company, are offering buyouts to 8% of its workforce while Wells Fargo confirmed with Inman that it laid off employees last week
by Matt Carter Apr 28
Orchard open for business in Phoenix, Portland and Seattle
The Power Buyer has doubled its geographic footprint since its $100M Series D round and now has a presence in 13 markets
by Matt Carter Apr 27
HomePace to launch homebuyer solution with backing from Lennar
With $7M in Series A funding, the shared equity startup will launch a homebuyer solution that allows buyers to double their down payments
by Matt Carter Apr 27
Mortgage rates climb to highest level since 2009
Demand for purchase mortgages was down 17 percent last week compared to the same time a year ago, according to a weekly survey of lenders by the Mortgage Bankers Association on Wednesday
by Matt Carter Apr 27
LoanDepot founder Anthony Hsieh hands CEO reins to Frank Martell
Former CoreLogic CEO Frank Martell will oversee daily operations, while Hsieh will take on 'holistic strategic role' as executive chairman
by Matt Carter Apr 26
Bidding wars dip for first time in 2022 — but competition still fierce
New data from Redfin shows the market in March was slightly less brutal than one month prior
by Jim Dalrymple II Apr 25
As mortgage lenders' costs rise, so do homebuyers' closing costs
Rising home prices and lender costs helped drive up homebuyers' closing costs by 13.4% in 2021, to an average of $6,905. Loan production expenses hit an all-time high during Q4 2021
by Matt Carter Apr 22
Zillow changes tune on 2023 home values and sales. Here's why
Zillow now expects home value growth to reach 14.9% through March 2023, down from its previous estimate of 16.5% growth. What's with the downgrade?
by Lillian Dickerson Apr 22
Blend Labs laying off 200 employees as mortgage refinancings plummet
The mortgage tech provider's newly acquired title insurance business has been particularly hard hit by the end of the refinancing boom
by Matt Carter Apr 21
Neat Loans wins backing from Comcast venture capital subsidiary
In addition to financing, Forecast Labs offers startups access to direct response television, direct mail programs
by Matt Carter Apr 20
'Modest recession' eyed in 2023, Fannie Mae economists predict
Home sales now expected to decline by 7.4% this year and 9.7% in 2023, a dramatic adjustment from March, when Fannie Mae forecast a 4.1% decrease in home sales this year and a 2.7% decrease in 2023
by Matt Carter Apr 19
Power Buyer Knock enters Seattle market, adds jumbo mortgages
To serve 5 new markets in Washington, Knock has partnered with local real estate brokerages, half of which are affiliated with Keller Williams
by Matt Carter Apr 19
A mortgage giant crunched 47 years of housing data. Here's what it found
The new Fannie Mae Home Price Index aims to capture a broader picture of the housing market. What it found was the fastest annual pace of home price growth in nearly half a century
by Matt Carter Apr 18