Mortgage lenders are more likely to turn down homebuyers of color than white applicants with similar attributes, and algorithms are likely to blame, according to in-depth analysis by The Markup, a nonprofit newsroom that’s “watching big tech.” Continue reading
“Neat believes that vaccinated individuals are making a crucial impact on the wellbeing of our community,” the company said in announcing the discount on closing costs to vaccinated applicants for purchase loans or refinancing. Continue reading
Borrowers putting less than 20 percent down can choose between FHA, VA or USDA-backed mortgages, or take out private mortgage insurance to qualify for a mortgage that meets the requirements of mortgage giants Fannie Mae and Freddie Mac. Continue reading
Whether they’re assigning work to commercial appraisal firms or individual appraisers, lenders can now automate more of the process, eliminating manual tasks and gaining increased transparency with real-time monitoring, status-driven alerts and a detai… Continue reading
The numbers are headed in the wrong direction for loans that are backed by private lenders rather than the government, according to new survey by the Mortgage Bankers Association. Continue reading
The San Francisco-based cloud banking software developer reported second quarter revenue of $32.1 million, up 46 percent from a year ago. Continue reading
Ribbon helps buyers buy before they sell, rescues bad deals and gives first-time buyers a way to win deals in what might be the industry’s first hybrid fintech-proptech application. Continue reading
Flueid Decision is multi-tenant and agnostic, meaning “it’s not owned or managed by any one underwriter, title agent, lender, servicer or service provider and is not focused on any one component of the real estate lifecycle.” Continue reading
Low mortgage rates that had risen off a strong jobs report remained unmoved earlier this week, according to Freddie Mac’s lender survey. Continue reading
The historically low level of inventory for sale suggests that any rate-related increase in sales will be muted due to the inadequacy of listings needed to fulfill higher buyer demand. This softer sales response also suggests more upward pressure on pr… Continue reading