Tomo’s CEO on the mortgage industry: ‘It’s like going to the DMV’

During a conversation with Brad Inman at Connect Now, Greg Schwartz said “mortgage is the catastrophe of the real estate transaction,” and shared how Tomo is changing that Continue reading

Landmark study confirms troubling ‘appraisal gap’ in minority enclaves

Mortgage giant Freddie Mac’s analysis of 12 million appraisals comes as federal task force prepares action report to address appraisal bias. Continue reading

Home sales will cool off for the rest of this year and next: Fannie Mae

Projected growth in new home sales wouldn’t offset expected drop in existing home sales, according to Fannie Mae’s latest monthly forecast. Continue reading

‘Holding pattern’: Virus extends stable period for mortgage rates

Rates for 30-year mortgages have remained virtually unchanged for two months even as lenders reported recent movement on other loan types. Continue reading

Regulators loosen reins on Fannie and Freddie

It’s been an abrupt about-face for Fannie and Freddie, which under the Trump administration were on a path to privatization. Democrats have put the brakes on those plans, seeing an opportunity to use Fannie and Freddie to provide better access to home … Continue reading

Ribbon raises $150M round, vows to expand into half of US by 2023

Currently, the homeownership startup operates in North Carolina, South Carolina, Tennessee, Georgia, Texas and Florida. Continue reading

United Wholesale Mortgage to launch in-house appraisal capability

The service, UWM Appraisal Direct, is optional and mortgage brokers will still have the option to choose from roughly 100 UWM-approved appraisal management companies. Continue reading

Mortgage insurer Enact’s IPO is back on track

With investors showing renewed confidence, Genworth Financial is ready to move forward with plans to sell part of its mortgage insurance subsidiary in an initial public offering. Continue reading

Black Knight expanding services it provides to growing mortgage broker segment

Cloud-based loan origination system, LoanCatcher, touted as providing the same level of technology employed by nation’s largest lenders. Continue reading

Real estate disruptors get serious about mortgage — and vice versa: Mike DelPrete

Real estate tech disruptors are investing billions to build integrated brokerage and mortgage experiences. Some have more resources than others, but all have the same scaling bottlenecks. And in the end, the biggest disruptors — and who is most at risk… Continue reading