Author Archives: Matt Carter

DepositLink to enable electronic payments for 1,400 NY agents

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A growing number of companies facilitate electronic payment of earnest money and commissions through the ACH network. Continue reading →

Fannie, Freddie filling openings left by departures of top executives

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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

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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 →

Mortgage lending standards ease for refinances

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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 →

Stewart expands mortgage capabilities with latest acquisition

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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

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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 →

Home affordability drops for first time in more than 2 years

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National home prices were up 14.8 percent from a year ago, “wiping out any affordability boost” from rising household income and low mortgage rates, said First American Chief Economist Mark Fleming. Continue reading →

Stavvy lands $40M in funding, signs Flagstar Bank

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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 →