Porch launching 'pay-at-close' program for home inspections
Acquisitions also paving way for expansion into related software verticals including mortgage, title and home warranty
by Matt Carter Dec 6
Better CEO under fire after Zoom call layoffs go viral on TikTok
The online mortgage company is facing scrutiny from former employees and on social media, where a video of CEO Vishal Garg firing employees over Zoom drew thousands of reactions
by Daniel Houston Dec 6
Better lays off 900 employees, revamps terms of SPAC merger
Company says it's positioned for growth as lenders shift their focus from refinancing mortgages to providing purchase loans
by Matt Carter Dec 2
Drop in demand for mortgage refinancing hints at what's to come
Applications to refinance fell 41% from a year ago as rates increased for the third week in a row, according to The Mortgage Bankers Association’s Weekly Mortgage Applications Survey
by Matt Carter Dec 1
Fed still considering faster tapering of support for mortgages
Fed chair Jerome Powell says economy is 'very strong' and inflation now looks like more than a transitory issue
by Matt Carter Nov 30
Record increase in Fannie, Freddie loan limits fuels debate
An 18% increase in conforming loan limit, to $647,200, is the biggest leap in records dating to 1970
by Matt Carter Nov 30
Altisource tech will power investor marketplace SFRhub.com
Deal geared at helping investors acquire and liquidate individual single-family rental properties, or entire portfolios, more efficiently
by Matt Carter Nov 30
Omicron could lead Fed to exercise restraint on mortgage pullback
Prospects for acclerated tapering of mortgage purchases in January now in doubt
by Matt Carter Nov 29
Fed stands ready to accelerate tapering of mortgage purchases
Fed policymakers are prepared to adjust the pace of asset purchases if inflation continues to run hot, minutes released Wednesday of their Nov. 3 meeting show
by Matt Carter Nov 24
Rising mortgage rates may be pressuring borrowers off the fence
Purchase loans were up 5% last week and applications by homeowners to refinance existing mortgages were up 0.4% week over week, according to the Mortgage Bankers Association
by Matt Carter Nov 24
'Bias has no place in appraisal': Appraisal Institute president
Opinion
Appraisal Institute's president Rodman Schley is addressing unconscious bias, amping up diverse recruiting and partnering with others who are also working to do what is right
by Rodman Schley Nov 24
Accurate Group acquires broker price opinions provider
Strategic investment by Canadian private equity firm Novacap provides fuel for growth
by Matt Carter Nov 23
RE/MAX CEO: Balanced housing market, seasonal norms will return
RE/MAX CEO Adam Contos stressed during a third-quarter earnings call Tuesday that the company's recent investments are beginning to pay off and that it's on firm footing for 2022
by Lillian Dickerson Nov 23
Fathom raises $32.7M to fund more acquisitions
Company looking to buy smaller real estate brokerages in new or smaller geographic markets
by Matt Carter Nov 22
UWM shares recover after secondary offering postponed
Proceeds were to go to a company controlled by Ishbia family, which owns 93.6 percent of United Wholesale Mortgage
by Matt Carter Nov 22
Real Brokerage has big ambitions as it ramps up agents in Q3 and beyond
The Real Brokerage reported a third quarter net loss of $1.06M on $39.8M in revenue as its agents facilitated $1.44B in real estate transactions, up 879% from a year ago
by Matt Carter Nov 22