Groundfloor offers company shares at $15 in new public offering
The crowd-sourcing home lender grew revenue by 79% in 2018, and it's now offering shares for $15 to reach 20% public ownership
by Craig C. Rowe Feb 18
Hurricane Harvey damage in Port Arthur, Texas
Going into effect in July 2019, it will require lenders to accept private policies rather than just government ones
by Jim Dalrymple II Feb 12
Mortgage software company Ellie Mae to be acquired for $3.7B
The company processes over a third of all the mortgage applications in the United States
by Marian McPherson Feb 12
Fannie Mae And Freddie Mac Bailout Projected To Grow
The trade organization believes the housing finance market needs reforms to maintain long-term stability and provide consumers access to capital
by Jim Dalrymple II Feb 12
PHH to pay $750k over military service member foreclosures
The settlement ends a federal lawsuit accusing the mortgage company of illegally foreclosing on 6 homes
by Patrick Kearns Feb 7
Student debt isn't the only thing holding buyers back
Financial journalist Felix Salmon reveals why homeownership is falling amongst all age groups
by Patrick Kearns Feb 1
Quicken Loans siblings drop rocket from brand logos
Rocket Mortgage, Rocket Homes and Rocket Loans will no longer have a rocket in any of their logos
by Patrick Kearns Feb 1
Williston Financial Group CEO Patrick Stone
'We are closing the affordability gap at a noticeable rate,' Williston Financial Group CEO Patrick Stone said Tuesday
by Jim Dalrymple II Jan 29
Move over Seattle and San Jose — Atlanta home values rising fastest
Home values in Atlanta grew from 8.1% in 2017 to 13.2% in December 2018, according to new data from Zillow
ReferralExchange will now qualify your third-party leads
The new product uses a combination of data science and personal outreach to verify leads and gauge how close they are to transacting
by Patrick Kearns Jan 23
Blend names former Fannie Mae chief executive as first president
At Fannie Mae, Timothy Mayopoulos helped resuscitate the government-sponsored entity after the 2008 housing crisis
Washington, D.C. Capitol building Congress
Deals that rely on an array of federal programs and agencies are all on hold while political leaders spar over how to fund the government
by Jim Dalrymple II Jan 18
Howard Hanna lets buyers shop with pre-locked mortgage rates
Howard Hanna Mortgage will let would-be homebuyers lock in their interest rates while still looking for a home
by Jim Dalrymple II Jan 18
Cryptocurrency dollar bill Benjamin Franklin
More and more people are turning to companies like Quicken Loans and LoanDepot for their mortgages
by Jim Dalrymple II Jan 18
Shutdown prompts Fannie Mae to tweak lender requirements
The mortgage-backed securities giant is in some cases waiving employment and income verifications and requiring cash reserves
by Jim Dalrymple II Jan 17
Money hands
The Consumer Financial Protection Bureau (CFPB) is raising fines across the board for violations of the Real Estate Settlement Procedures Act, which prevents kickbacks between brokers and lenders
by Patrick Kearns Jan 16