First American bets big on next-generation proptech investments 
The nation's second-largest title insurer has invested in 16 venture-funded companies valued at $669M after gains on Offerpad, Orchard, Sundae and Pacaso
by Matt Carter Oct 25
Fed chair restates support for gradual tapering
10-year Treasury yields, a barometer for mortgage rates, fall as Federal Reserve Chairman Jerome Powell says there's no rush to raise interest rates
by Matt Carter Oct 22
Rates for 30-year mortgages reach highest point since early spring
Mortgage rates continued their month-long rise in mid-October as buyers and sellers navigated unusual market conditions, according to a lending survey from Freddie Mac
by Daniel Houston Oct 22
'Power buyer' UpEquity raises $50M in series B funding round
Austin-based lender says its technology enables homebuyers to make all-cash offers and close a mortgage in 18 days on average
by Matt Carter Oct 21
Homebuyer demand sags as mortgage rates continue to rise
With Fed tapering coming as soon as November, market forces are already pushing mortgage rates higher 
by Matt Carter Oct 20
September sees new upturn in demand for second homes
More buyers were seriously considering a second-home purchase last month, and locked in mortgage rates to prepare for the transaction
by Daniel Houston Oct 20
Truework authorized by Fannie Mae to help speed up loan approvals
Truework joins Blend, Equifax Mortgage Solutions and Finicity as third-party vendors currently authorized by Fannie Mae as income and employment validation report suppliers
by Matt Carter Oct 20
First American doubles down on Endpoint with $150M in funding
Digital title and settlement services provider is seeking to fill approximately 80 job openings in departments including engineering, finance and sales
by Matt Carter Oct 19
What the US climate-risk review means for FHA, VA loans and more
Government agencies are looking to better quantify risks from climate change, a step with implications for government-backed home loans
by Daniel Houston Oct 19
Roostify offers intelligent doc processing to any lender via API
Roostify Document Intelligence Service builds on strategic partnership with Google Cloud
by Matt Carter Oct 19
New Intercontinental Exchange Inc. indices track daily mortgage rates
Average interest rates and other stats are pulled from the ICE Mortgage Technology platform, which processes about half of all US mortgages applications
by Matt Carter Oct 19
New WFG tool offers insights on mortgage loans in the pipeline
MyHome Funder Dashboard smooths the process of balancing files for disbursement
by Matt Carter Oct 18
SimpleNexus acquires LBA Ware in bid to expand lender toolset
LBA Ware founder Lori Brewer will join SimpleNexus as EVP and general manager
by Matt Carter Oct 15
Home sales predicted to close out 2021 with surprising strength
Fannie Mae economists now expect that when the final numbers are in, sales of new and existing homes will grow by 4.7%, to 6.8M
by Matt Carter Oct 15
Mortgage rate projected to top 4% in 2022 as Fed tapering plan nears
The Fed could begin tapering as soon as November, adding momentum to market forces that have been pushing mortgage rates up in recent weeks
by Matt Carter Oct 15
'OK Boomer': Older homebuyers make gains as millennials struggle
Baby boomers made gains over first-time homebuyers in the decade before the pandemic, growing to 24% of recent home purchases in 2019, according to a new analysis from Zillow
by Daniel Houston Oct 14