Fannie, Freddie filling openings left by departures of top executives

The mortgage giants are continuing to fill openings left by top executives who departed in the wake of the November elections, which sidetracked plans to privatize the companies. Continue reading

Mortgage rates retreat from 3% threshold

Mortgage rates retreated this week, even as support builds at the Federal Reserve to begin discussions on when to taper bond purchases that have kept a lid on long-term interest rates. Continue reading

Want to invest in real estate? Here’s how to get started

Investing in real estate is a great way to build wealth over time, but how can newbies get started? Rick Guerrero shares his own investing journey, what he learned along the way and what advice he’d give to new investors. Continue reading

Mortgage lending standards ease for refinances

Mortgage lenders continued to ease underwriting standards in April, but only for borrowers who were refinancing. For both homebuyers and homeowners seeking to refinance, credit still remains tighter than before the pandemic, which helped pushed average… Continue reading

Zillow’s uphill battle to attach mortgages: Mike DelPrete

In 2018, Zillow set itself lofty goals when it entered the mortgage business. Three years later, Zillow’s actual performance is far, far below its predictions, which highlights how difficult the mortgage space is, not just for Zillow, but also for ever… Continue reading

Stewart expands mortgage capabilities with latest acquisition

The deal to acquire Cloudvirga is the second big deal in six months for the Houston-based provider of real estate information, title insurance and transaction management services. Continue reading

Digital closing platform Snapdocs valued at more than $1.5B

Snapdocs has raised $150 million in a series D funding round. The platform is now used by more than 130,000 mortgage professionals a day, touching nearly 20 percent of U.S. real estate transactions. Continue reading

Stavvy lands $40M in funding, signs Flagstar Bank

Paperless closing provider Stavvy has landed $40 million in Series A funding from Morningside Technology Ventures, which the company says will allow it bring its expertise to bear in helping mortgage lenders serve troubled borrowers. Continue reading