Author Archives: Matt Carter

Housing industry ‘will not be spared’ by climate change: MBA

By | | Uncategorized
Comments Off on Housing industry ‘will not be spared’ by climate change: MBA

Extreme weather could strain flood insurance to breaking point, undermine home prices, and drive mortgage defaults, according to the Mortgage Bankers Association. Continue reading →

Ocrolus valued at $500M after raising $80M Series C round

By | | Uncategorized
Comments Off on Ocrolus valued at $500M after raising $80M Series C round

The document automation platform is staffing up its machine learning and data science teams in the wake of a funding round led by Fin VC. Continue reading →

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 →