Should your clients bid over asking price? A look at pros and cons

In a hot seller’s market, how should agents help their clients with pricing, bidding strategies and closing successfully? Broker Jenny Usaj offers keys to setting appropriate buyer expectations from the start. Continue reading

Homebuyer sentiment hits record low

Only 24 percent of consumers think now is a good time to buy a home — the lowest reading ever recorded in a monthly survey conducted by Fannie Mae since 2010. Continue reading

Mortgage rates surge to 5% as era of the ultra-cheap loan begins to fade

After hovering near 3 percent for nearly two years, mortgage rates have rebounded faster than expected. But amid uncertainty, economists are divided on whether 5 percent rates are here to stay. Continue reading

Sagent keeps lining up deals after starting year with a bang

Pittsburgh-based Clearview Federal Credit Union partners with Sagent to bring its mortgage servicing business in-house. Continue reading

Rising mortgage rates most difficult for first-time homebuyers: MBA

As rates surged last week, demand for FHA purchase loans dropped by nearly 8 percent, according to a weekly lender survey by the Mortgage Bankers Association released Wednesday. Continue reading

LoanMAPS announces integrations with FormFree and DocMagic

Integration with FormFree enables loan originators to text or email borrowers a request to electronically verify asset, income and employment data without leaving LoanMAPS, while integration with DocMagic’s Total eClose platform eliminates the need for… Continue reading

RenoFi lands $14M Series A to connect home renovators to lenders

The startup’s origination and underwriting platform lets homeowners borrow up to 90 percent of their home’s “future value.” Continue reading

Home price growth ‘reaccelerates’ to set new February record

February’s 19.6 percent annual home price appreciation, together with sharp rise in mortgage rates, produced the tightest affordability in 15 years, according to new data from Black Knight. Continue reading

Redfin closes $137.8M acquisition of Bay Equity Home Loans

The deal to purchase the California-based national mortgage lender accelerates the brokerage’s strategy to become a one-stop shop for buying, selling, renting and financing a home. Continue reading

Mortgage tech provider Blend pulls back on hiring, eyes Title365 layoffs

A sharp decline in mortgage refinancing prompts Blend to pull back “very hard” on hiring and reconsider the “right number of people” needed in the title insurance segment. Continue reading