Mortgage originations hit highest level since 2005: New York Fed

Decreasing mortgage rates contributed to the highest volume in mortgage originations in 14 years at a total of $752 billion, according to the Federal Reserve Bank of New York. Continue reading

Ginger Wilcox named Home Point Financial’s chief experience officer

The mortgage originator/servicer is hiring Wilcox as its first chief experience officer since the company launched in 2015. Continue reading

A new language for real estate, a new marketplace

My attempt to coin some terminology, add structure and provide clarity to the plethora of new real estate businesses. Continue reading

HouseCanary flies away with $65M in latest Series C funding round

The valuation startup plans to use the money to beef up its team and build out more technology. Continue reading

US homeowners far more likely to be equity-rich than underwater

Attom’s 4th quarter U.S. Home Equity & Underwater Report released today also showed that only 1 in 16 mortgaged homes were seriously considered underwater. Continue reading

Mortgage applications reach highest volume since 2013

The Mortgage Bankers Association announced Wednesday that the Market Composite Index reached its highest level last week since May 2013. Continue reading

Flat-fee brokerage Houwzer hustles up $9.5M in Series A funding

The Philadelphia-based brokerage will use the funds to fuel expansion in Baltimore and Orlando and launch title and insurance divisions later this year. Continue reading

This is the No. 1 misconception millennials have about homebuying

Misconceptions about needing a 20 percent down payment are keeping millennials from homeownership. Two experts share what can be done to help. Continue reading

Mortgage rates plummeting amid Coronavirus outbreak fears

Matthew Speakman, an economist with Zillow, said a worsening of the virus outbreak could drive mortgage rates even lower. Continue reading

Mortgage companies compete for Super Bowl spotlight

Major mortgage lenders and real estate companies joined the Super Bowl advertising fray, where commercial spots cost $5.2 million for 30 seconds. Continue reading