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Rent rose sharply, but it didn’t keep up with the rapid increase in the price of a monthly mortgage, according to a Redfin report released Monday
by Taylor Anderson Mar 21
States getting COVID mortgage relief programs off the ground
Nearly 30 states have launched programs to distribute $9.961 billion in federal aid for households who are behind on their mortgages
by Matt Carter Mar 18
Rate hikes, Ukraine won't derail spring homebuying — necessarily
Rates remain low by historical standards and could retreat from recent highs. Lenders eager to make up for a precipitous drop in refinancings, meanwhile, are scrambling to win new business
by Matt Carter Mar 17
Fresh off more layoffs, Better names new head of human resources
Richard Benson-Armer, who had been serving at the mortgage company on an interim basis, has been named the company’s Chief people, performance and culture officer
by Taylor Anderson Mar 16
Maxwell's Point of Sale platform integrated with Encompass eClose
Borrowers can be routed to Encompass eClose directly from Maxwell Point of Sale, streamlining closings for borrowers and maintaining a consistent closing workflow for lenders
by Matt Carter Mar 16
Brad Inman and Knock CEO Sean Black.
The power buyer, which will also step away from plans for an initial public offering, said funding from private investors will allow it to continue expansion into 90 markets by end of year
by Matt Carter Mar 15
Second-home market hit hard as demand jumps for primary homes
As mortgage rates inched higher, demand for second homes dropped precipitously in February, hitting its lowest level in nearly two years, according to data released Tuesday from Redfin
by Lillian Dickerson Mar 15
Total Expert to help mortgage lenders monitor customers' needs
Total Expert's new Customer Intelligence tool can detect when borrowers are ready to buy a home or refinance a mortgage
by Matt Carter Mar 15
Appraisal ethics rule under review after federal scrutiny
The ethics rule in question, which some regulators argue doesn't clearly state that housing discrimination against protected classes is illegal, was contested by 8 federal agencies
by Andrea V. Brambila Mar 11
News Quiz: Do you know the biggest stories for the week of March 6?
A seriously lost real estate agent, Engel & Völkers and 'Big Portal' all made headlines this week. Test your knowledge of the biggest stories to see if you're up to date on the industry
by Inman Mar 11
LoanDepot names president and CEO of new operating unit, mello
Zeenat Sidi, a veteran of SoFi and RBC, will serve as president and CEO of the new unit, which will oversee loanDepot's customer contact center, the company announced Thursday
by Matt Carter Mar 10
Demand for purchase loans jumps 9% as mortgage rates briefly dip
Rates are rebounding as bond market investors weigh the prospect that the economic fallout from Russia’s invasion of Ukraine could eventually lead to higher energy costs that fuel inflation
by Matt Carter Mar 9
Run with the pack at your own risk
Opinion
Realtor optimism can be necessary for survival, Brad Inman writes. But collective giddy confidence is frequently a sign that something is amiss. The herd occasionally can be wrong
by Brad Inman Mar 9
Ribbon expands into Midwest, ramps up purchase limit to $1M
The move into Indiana and Missouri expands Ribbon's presence into 10 states, including hot markets like Indianapolis and St. Louis, according to an announcement Wednesday
by Matt Carter Mar 9
Homeowners are cashing out their equity like it's 2005
Lenders are managing risk by focusing on borrowers with prime credit scores who are keeping a bigger equity stake in their homes, according to Black Knight's latest Mortgage Monitor Report
by Matt Carter Mar 8
Newrez partners with Patch news site to bolster mortgage originations
Building on the momentum of last year's Caliber Home Loans acquisition, Newrez seeks to be 'national go-to source' for mortgage info
by Matt Carter Mar 3