Author Archives: Matt Carter

Will every mortgage lender soon have a cash offer product?

By | | Uncategorized
Comments Off on Will every mortgage lender soon have a cash offer product?

Because Evergreen is a mortgage bank, it’s got the funds to not only purchase homes with cash, but provide permanent financing directly to the homebuyer. That means it can close faster than cash offer programs that outsource financing. Continue reading →

Landmark study confirms troubling ‘appraisal gap’ in minority enclaves

By | | Uncategorized
Comments Off on 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

By | | Uncategorized
Comments Off on 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 →

Regulators loosen reins on Fannie and Freddie

By | | Uncategorized
Comments Off on 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 →

United Wholesale Mortgage to launch in-house appraisal capability

By | | Uncategorized
Comments Off on 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

By | | Uncategorized
Comments Off on 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

By | | Uncategorized
Comments Off on 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 →

HUD homes more likely to be in floodplains: Report

By | | Uncategorized
Comments Off on HUD homes more likely to be in floodplains: Report

HUD is not required to disclose flood risk to would-be homebuyers, most of whom didn’t learn that the home they were interested in was located in a flood zone until they were told by their lender that they needed to buy flood insurance. Continue reading →