Dr. Shani Mott spent her last days fighting for housing equality

The Baltimore homeowner succumbed to cancer before she could celebrate a landmark appraisal bias win. She’s part of a long legacy of Black homeowners who’ve died while fighting for their rights. Continue reading

Mortgage tech provider Polly launches new intelligence platform

Lender Intelligence harnesses advanced data science and machine learning tools to give lenders a holistic view of their business and the wider competitive landscape. Continue reading

Best time to list a home? With high mortgage rates, it’s tough to tell

The peak of the spring homebuying season may have shifted to later in the year, at least in some markets, according to new analysis by Zillow. Continue reading

NYCB’s surprise $2.7B Q4 loss rekindles regional bank fears

Worries about commercial real estate are making jumbo mortgages costlier, since regional banks are a major provider of loans that are too big for Fannie Mae and Freddie Mac. Continue reading

With $15M goal, Knock turns to ‘everyday’ investors

Alternative financing company Knock has secured $10 million from Second Century Ventures, the venture capital arm of the National Association of Realtors, and Foundry Venture Capital. It’s using Wefunder to reach $15 million total. Continue reading

Brokerages, lenders anticipate big recruitment push in 2024: Triple-I

Approximately 28 percent of brokerage leaders believe “recruiting and retaining talent” will be their most challenging responsibility one year from now, according to results from the Inman Intel Index survey. Continue reading

Better Mortgage expands offerings to include VA loans in all 50 states

Borrowers can use the company’s Tinman platform to see their rates and get pre-approved in minutes, and may qualify to buy with no down payment. Continue reading

Demand for purchase mortgages drops for 3rd week in a row

Lender survey shows applications from homebuyers is down 12 percent from a year ago, as mortgage rates continue to rebound from December lows on stubborn inflation data. Continue reading

New credit scores from FICO, VantageScore gaining traction

Lenders won’t be required to use the more inclusive FICO Score 10T and VantageScore 4.0 scoring models before next year, but several are already using them to expand the pool of borrowers. Continue reading

Loans for commercial and multifamily buildings fell 25% in Q4

Loans for office buildings specifically dropped 68 percent year over year and 32 percent quarter over quarter.  Continue reading