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
Vesta raises $30M in Series A funding to streamline mortgage lending
Andreessen Horowitz partner Angela Strange to join San Francisco-based startup's board of directors
by Ben Verde Jan 27
Polly raises $37M to modernize secondary mortgage markets
Menlo Ventures, a backer of HomeLight and Qualia, led the funding round and will take a seat on San Francisco-based startup's board
by Matt Carter Jan 26
Mortgage startup Tomo now in 5 states, adds jumbo loans
After launching in Washington and Texas, Tomo has expanded into Florida, Connecticut and Colorado
by Matt Carter Jan 26
Guaranteed Rate to close Stearns Wholesale, lay off 348 employees
Nearly 350 employees will be laid off as wholesale division and SoFi operational unit are shuttered
by Matt Carter Jan 26
Demand for mortgage refinancing down 53% from a year ago
Rates on 30-year fixed-rate loans rise for the fifth consecutive week, to the highest level since March 2020
by Matt Carter Jan 26
LLR Partners invest in Mortgage Coach and Sales Boomerang
Deal expected to lead to tighter integration between platforms and support for a wider range of financial products and lending institutions
by Matt Carter Jan 25
400 mortgage officers surrender licenses following education probe
Regulators say education provider Real Estate Educational Services helped originators skirt annual continuing education requirements
by Matt Carter Jan 25
Glenn Sanford on the 1 player that could change the game in 2022
The founder of eXp Realty told Brad Inman there's plenty of business for agents in the year ahead during a Connect Now session Tuesday, but he's also keeping an eye on potential setbacks
by Daniel Houston Jan 25
Celebrity-backed rent-to-own startup Landis expands to Florida
Company's services are now available in 5 Sunshine State markets: Miami, Fort Lauderdale, Orlando, Tampa and Jacksonville — growing Landis' footprint to 51 cities in 12 states
by Andrea V. Brambila Jan 25
Rising mortgage rates could 'supercharge' spring buying season
Fear of missing out on low rates could get buyers off the fence, if there's enough inventory to defeat 'fear of better options'
by Matt Carter Jan 25
Capacity snags $38M to automate mortgage helpdesk support
Company claims its AI-powered platform can answer more than 90% of questions posed by mortgage borrowers without human intervention
by Matt Carter Jan 22