SoftBank invests $500M in fintech startup Better.com
Better.com is set to receive $500 million from SoftBank's Vision Fund, according to a WSJ article on Thursday. This places better.com's valuation at $6B
by Marian McPherson Apr 9
Inman Tech Review: JetClosing is fueling mobile adoption of digital title and escrow
Opinion
Maybe it feels to some that such a light, easy product can't handle the financial and metaphorical weight of a closing, but JetClosing is an app that proves otherwise
by Craig C. Rowe Apr 9
Mortgage credit opening up to more borrowers
Mortgage market opens up in March, driven by job market and economic recovery
by Kelsey Ramírez Apr 8
Amid IPO craze, mortgage industry CEOs join Forbes' billionaires list
Mat Ishbia of United Wholesale Mortgage and Anthony Hsieh of loanDepot joined Rocket's Dan Gilbert on Forbes' list of billionaires after taking their companies public
by Kelsey Ramírez Apr 8
Mortgage rates reverse course, dropping for first time in 2 months
After 7 weeks of consecutive increases in mortgage rates, Freddie Mac's most recent survey shows a decrease, giving borrowers the chance to refinance
by Kelsey Ramírez Apr 8
Notarize to open its remote notary platform to independent notaries
Pilot program to launch in Washington and Tennessee with a goal of launching in all 31 remote online notarization-approved states in 2021
by Kelsey Ramírez Apr 7
Fed expects stronger economic recovery to come
During the Federal Open Markets Committee meeting, the Federal Reserve reiterated its plan to maintain current economic policy until fiscal and economic goals are met
by Kelsey Ramírez Apr 7
Illinois to pay up to $40K in student loan debt for homebuyers
The SmartBuy program, offered by the Illinois Housing Development Authority to help pay off loans and encourage homeownership, has drawn interest from out-of-state buyers too
by Kelsey Ramírez Apr 7
COVID vaccinations give Americans more confidence in housing
Fannie Mae’s Home Price Sentiment Index increased by 5.2 points from February to 81.7 in March. Year over year, the index is up 0.9 points
by Kelsey Ramírez Apr 7
Rising interest rates slow housing market activity
Mortgage applications dropped 5.1% in latest Mortgage Bankers Association survey
by Kelsey Ramírez Apr 7
MBA: Delaying non-qualified mortgage rule will bring uncertainty to housing
The Mortgage Bankers Association believes that delaying the mandatory compliance date, as proposed by the Consumer Financial Protection Bureau, will not increase access to credit
by Kelsey Ramírez Apr 6
New forbearance requests drop to lowest level since March 2020
Total weekly forbearance requests as a percent of servicing portfolio volume decreased from 0.05% to 0.04%, according to the latest data from the Mortgage Bankers Association
by Kelsey Ramírez Apr 6
homeseller profits
Home prices increased 10.4% in February 2021 from the previous year, and increased 1.2% from January, according to the latest CoreLogic Home Price Index report
by Kelsey Ramírez Apr 6
New CFPB proposal would take foreclosures off the table for 2021
The Consumer Financial Protection Bureau is requesting comments from stakeholders on the proposed rule, but given the urgency of the crisis, the deadline for comments is May 10
by Kelsey Ramírez Apr 5
CFPB to mortgage servicers: Get prepared, or else
CFPB continues watch of servicing industry as consumers exit forbearance
by Kelsey Ramírez Apr 5
Finance of America goes public
The end-to-end lending and services platform will begin trading stock on the New York Stock Exchange beginning Monday
by Kelsey Ramírez Apr 2