Unison securitizes record $443M in residential equity agreements
As home prices soar, institutional investors warm to the idea of taking an equity stake in single family homes
by Matt Carter Feb 9
Share of homes available to buyers is falling fast as mortgage rate climbs
If mortgage rates rise to 3.9% by the end of 2022, homes valued above $383,000 would fall out of reach for the typical American couple on a $2K monthly mortgage budget, according to Redfin
by Ben Verde Feb 9
Demand for mortgages sags as rates keep rising
With inventory remaining tight for entry-level buyers, the average loan request hit another record high of $446,000
by Matt Carter Feb 9
Houwzer breaks into 'power buyer' game with $118M Series B round
Flat-fee, end-to-end real estate brokerage Houwzer is launching cash offer and buy before you sell services in six markets
by Matt Carter Feb 8
3 top execs depart Better after SPAC merger delay and layoffs
Better employees reportedly 'leaving the company in droves' following the return of CEO Vishal Garg
by Taylor Anderson Feb 8
Homebuyer sentiment hits new low in Fannie Mae's National Housing Survey
Affordability and supply constraints seen as limiting opportunities, particularly for younger buyers
by Matt Carter Feb 7
Last year's stimulus could still be fueling this year's home purchases
Nearly 1 in 4 people planning to buy a home in the next 12 months set aside stimulus money for the transaction, a Redfin survey shows
by Daniel Houston Feb 4
Meet the unlikely real estate backer behind Jamaica's Olympic dreams
Jamaica hopes to send an ice hockey team to compete at a future winter games — with support from what might seem like an unlikely Arizona-based real estate backer
by Matt Carter Feb 4
Bahrain-based firm acquires 2nd largest US appraisal company
Bahrain-based investment firm, Arcapita Group Holdings, is the new owner of Nationwide Property and Appraisal Services, the second-largest independent AMC in the United States
by Matt Carter Feb 3
Canadian-based alternative HELOC provider, Fraction, enters US
Fraction, which launched in Canada in February 2021, is open for business in Washington state, with additional states planned later this year
by Matt Carter Feb 2
ConsumerDirect Mortgage rebrands as Real Genius
The viral ad agency Harmon Brothers has been hired to create a campaign featuring the company's 'mortgage genie' showcasing the lender's simplified loan process
by Matt Carter Feb 2
Mortgage lenders more willing to loan to 'non-prime' borrowers
TransUnion finds home loans provided to subprime, near-prime borrowers were up 17.6 percent during Q3 2021
by Matt Carter Feb 2
Surge in mortgage applications could reflect pent-up demand
Requests to refinance existing mortgages was up 18% week over week but down 50% from a year ago, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey
by Matt Carter Feb 2
Shares in loanDepot touch all-time low as profits shrink
CEO Anthony Hsieh sees opportunity to grow market share as mortgage industry shifts to providing more loans to homebuyers
by Matt Carter Feb 1
Florida home listed for $650K in proof-of-concept crypto auction
Ownership of the home will be transferred using a unique blockchain token — known as an NFT — that can be held in a crypto wallet
by Daniel Houston Jan 31
Mortgage-specific solutions from The Work Number now integrated into Encompass
Mortgage lenders can instantly pull income and employment information tailored to meet specific needs within the loan origination process
by Daniel Houston Jan 27