Tag Archives: mortgage

Markets remain volatile, but mortgage rates stay the course

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The average rate for a 30-year, fixed rate loan was 3.10 percent this week, according to Freddie Mac’s latest lender survey. Continue reading →

Digital mortgage lender Beeline completes Series A funding round

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Digital mortgage lender accesses bank, income and tax information online to provide “purchase-ready approvals” in 15 minutes. Continue reading →

Maxwell aims to help small lenders simplify mortgage document review

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“Stare and compare” work performed by human mortgage loan processors is not only inefficient but can introduce errors and inaccuracies. Continue reading →

Opendoor in 2022: As the king of the iBuyers grows, so does its risk

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Opendoor faces an array of challenges from other companies and sectors as it aims to hold its position as the biggest and most successful iBuyer in the world. Continue reading →

‘I blundered’: Better CEO apologizes to workers after layoffs go viral

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Better CEO Vishal Garg has apologized to the mortgage company’s staff, saying he failed to show adequate respect for the 900 former employees who were let go last week. Continue reading →

The million-dollar question: Do $1M Freddie Mac mortgages conflict with affordable housing mission?

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Redwood Trust, which issues jumbo loans that are off limits to Fannie and Freddie, says costlier markets are better served by private lenders. Continue reading →

It’s the end of the road for LIBOR mortgages

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No new LIBOR loans will be allowed after this year, but there’s also the matter of what to do with roughly $1.4 trillion in existing loans tied to LIBOR. Continue reading →

Porch launching ‘pay-at-close’ program for home inspections

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Since going public in a December 2020 merger with a special purpose acquisition company, Porch has continued to grow through acquisitions. Continue reading →

Better CEO under fire after Zoom call layoffs go viral on TikTok

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The online mortgage company is facing scrutiny from former employees and on social media, where a video of CEO Vishal Garg firing employees over Zoom drew thousands of reactions. Continue reading →

Better lays off 900 employees, revamps terms of SPAC merger

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Company says it will be better positioned for growth as lenders shift their focus from refinancing mortgages to providing purchase loans. Continue reading →