Author Archives: Matt Carter

Surveys reveal why some buyers don’t shop for a mortgage

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Shopping around can save thousands of dollars, but one in three prospective homebuyers only get a quote from one lender, Freddie Mac surveys show. Continue reading →

Carrington grudgingly signs off on $5.25M COVID-19 relief settlement

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CFPB alleges some homeowners who sought forbearance during the pandemic were charged improper late fees and weren’t fully informed of their options. Continue reading →

Homebuyer demand picks up again as mortgage rates retreat below 7%

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While purchase loan applications were up 4 percent week over week, there’s still “very little refinance incentive with rates so much higher than last year,” MBA economist says. Continue reading →

The Agency expands to include mortgage and other services

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Luxury brokerage The Agency announced national partnerships Friday with CrossCountry Mortgage, Choice Home Warranty and home inspection provider Pillar to Post. Continue reading →

Nations Lending launches mortgage alliance with Carpenter Realtors

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After announcing new branch openings and executive hires this year, Nations Lending seeks to grow by forming a joint venture with an Indiana brokerage that employs more than 600 agents. Continue reading →

Ribbon suspends cash offer service, working on new tools for spring

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The New York-based power buyer had been purchasing homes on behalf of RibbonCash clients who were unable to close a deal with their own financing. Continue reading →

Blend announces more layoffs as cumulative losses surpass $1B

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The mortgage tech and title provider posted a $132.7 million net loss in the third quarter of 2022, with revenue falling 38 percent from a year ago to $55.3 million, according to an earnings call Thursday. Continue reading →

Survey: Mortgage lenders missing chance to build trust with borrowers

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J.D. Power warns that the mortgage customer experience is increasingly commoditized, with few lenders finding the right formula to be seen as trusted advisers. Continue reading →

Black Knight signs another credit union as Empower client

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San Diego-based BluPeak is the ninth credit union Black Knight has signed to use its mortgage loan origination system in the last 12 months. Continue reading →