Tag Archives: mortgage

Tomo’s new Lock and Shop: lock a rate now without a property address

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Tomo’s Lock and Shop service fee is $750, which homebuyers can recoup when they work with Tomo Brokerage partner agents. Homebuyers can choose either a 90- or 120-day rate lock. Continue reading →

Demand rebounds as mortgage rates retreat from 2022 peak

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Purchase mortgage applications are still down 10% from a year ago, with mortgage rates nearly doubling in the last 12 months, according to a survey by the Mortgage Bankers Association. Continue reading →

Real estate companies are actually not laying off staff right and left

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Recent headlines have been filled with news of layoffs, but look closer, writes author and executive Joe Rand. The companies where layoffs are occurring are wholly unrepresentative of the real estate industry and don’t represent a major trend. Continue reading →

Hippo’s mortgage partner channel takes off; helps find coverage faster

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Program piloted last year now provides services to more than a dozen mortgage lenders and loan servicers, who help 7 million people finance or refinance their homes each year. Continue reading →

The housing outlook is good, but affordability is a growing problem

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Harvard’s Joint Center for Housing Studies report, published Wednesday, dives into economic factors shaping current homebuying and renting landscapes. Continue reading →

Notarize lays off 110 employees, cites Sequoia’s warning to startups

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Having “created a category” — remote online notarization — CEO Pat Kinsel says the company must evolve to survive a potential downturn. Continue reading →

Cash buyers have upper hand as mortgage rates rise

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Although there is still an inventory shortage, cash buyers can use this time to enjoy a wider selection of homes than buyers who are taking out a loan. Continue reading →

The cheapest way for clients to tap into new home equity

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There are many ways to access the equity in your home, but they’re not all the same. Count on author and coach Bernice Ross for the most innovative strategies available to tap into all of that newfound wealth. Continue reading →