Rising mortgage rates most difficult for first-time homebuyers: MBA
As rates surged last week, demand for FHA purchase loans dropped by nearly 8%, according to a weekly lender survey by the Mortgage Bankers Association released Wednesday
by Matt Carter Apr 6
LoanMAPS announces integrations with FormFree and DocMagic
Integration with DocMagic’s Total eClose platform eliminates the need for an initial disclosure desk and closing department
by Matt Carter Apr 5
RenoFi lands $14M Series A to connect home renovators to lenders
The origination and underwriting platform allows homeowners to borrow up to 90% of their home’s 'future value' — after remodeling is complete
by Matt Carter Apr 5
Home price growth 'reaccelerates' to set new February record
February's 19.6% annual home price appreciation, together with sharp rise in mortgage rates, produced the tightest affordability in 15 years, according to new data from Black Knight
by Matt Carter Apr 5
Redfin closes $137.8M acquisition of Bay Equity Home Loans
The deal to purchase the California-based national mortgage lender accelerates the brokerage's strategy to become a one-stop shop for buying, selling, renting and financing a home
by Matt Carter Apr 4
Mortgage tech provider Blend pulls back on hiring, eyes Title365 layoffs
Shares in Blend touched a new all-time low after the company issued 2022 revenue guidance that co-founder and CEO Nima Ghamsari acknowledged as "much lower than consensus estimates"
by Matt Carter Apr 1
Ally now offers mortgages powered by Better in 46 states
Hawaii, Nevada, New Hampshire and New York are the final states to check off in order for Ally to realize its goal of providing digital mortgages nationwide
by Matt Carter Apr 1
Home prices may be 'unhinged' from fundamentals, Fed analysts say
For months, the rise in home prices was in line with underlying indicators. Now, it may have gone too far, a Dallas Fed report suggests
by Daniel Houston Apr 1
New tools from Clear Capital facilitate desktop appraisals
Real estate agents and brokers approved by Clear Capital provide property information that supplements data from public sources, helping appraisers complete accurate desktop appraisals
by Matt Carter Mar 31
Home affordability erodes at fastest annual pace since 2004
Despite record-high prices, homes remain much more affordable for buyers than they were in 2006, but buying power has taken a big hit lately
by Daniel Houston Mar 30
Rising mortgage rates not deterring spring homebuyers
Purchase mortgage applications were up 1% during the week ending March 25
by Matt Carter Mar 30
Pennymac lays off 236 workers after upping tech, marketing investments
The layoffs come as Pennymac ups its investment in technology and marketing to help it do more business directly with consumers and mortgage brokers
by Matt Carter Mar 29
Realogy finalizes $210M Title Resources Guaranty deal
Realogy finalized the sale of Title Resources Guaranty to Centerbridge partners on Tuesday. The company will maintain a 30 percent stake in the company
by Marian McPherson Mar 29
California-based unicorn PandaDoc stands with Ukrainian employees
The company continues to pay its Ukrainian workers, including those who are engaged in the fight to defend their country, and is actively recruiting new talent
by Matt Carter Mar 25
Biden administration lays out bold plan to combat appraisal bias
Released Wednesday morning, the 5-point plan seeks to arm consumers with assistance, prevent algorithmic bias, cultivate a more diverse appraisal industry and leverage data for policymaking
by Ben Verde Mar 23
Rising mortgage rates take a toll on demand for FHA, VA loans
First-time homebuyers who rely on government mortgage programs are 'increasingly challenged' by rapid home price increases and higher mortgage rates
by Matt Carter Mar 23