Author Archives: Matt Carter

Nation’s fifth largest mortgage insurer joins the IPO craze

By Matt Carter | May 4, 2021 - 9:02 pm |May 4, 2021 Uncategorized

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Genworth Mortgage Insurance Corp. will rebrand as Enact in a partial IPO that values the company at $3.6 billion and paves the way for a future spin-off. Continue reading →

Demand from millennials fuels biggest home price gains in 15 years

By Matt Carter | May 4, 2021 - 6:41 pm |May 4, 2021 Uncategorized

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CoreLogic expects national home price appreciation to cool to 3.5 percent by next year, identifies some markets at risk of price declines. Continue reading →

Propertybase launches new lead source for loan officers, small teams

By Matt Carter | May 4, 2021 - 1:00 pm |May 4, 2021 Uncategorized

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BoldMortgage offers individuals and small teams access to many of the capabilities of Propertybase’s enterprise-level mortgage business growth platform, Unify. Continue reading →

Fears of pandemic-induced foreclosure wave ease

By Matt Carter | May 3, 2021 - 8:36 pm |May 3, 2021 Uncategorized

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Two-thirds of the 7.1 million homeowners who were granted forbearance during the pandemic have already left. Most of this “bellwether” group have either resumed payment on their loans or paid them off. Continue reading →

BuzzBuzzHome acquired by new home data provider Zonda

By Matt Carter | April 30, 2021 - 8:00 pm |April 30, 2021 Uncategorized

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Zonda, a provider of data intelligence, lead generation and engagement tools to the homebuilding industry, is rapidly scaling up its capabilities through a string of acquisitions. Continue reading →

How (and why) loanDepot is courting homebuilders now

By Matt Carter | April 30, 2021 - 1:56 pm |April 30, 2021 Uncategorized

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LoanDepot has formed three joint ventures with builders in just over four months. Continue reading →

AI-powered mortgage processing: 27 options besides Google

By Matt Carter | April 28, 2021 - 9:36 pm |April 28, 2021 Uncategorized

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Google Cloud may be making waves in the world of intelligent document processing with the rollout of a purpose-built solution for the mortgage industry, Lending DocAI, but there are at least 27 technology vendors competing in the space. Continue reading →

Fed maintains commitment to not raising interest rates

By Matt Carter | April 28, 2021 - 8:06 pm |April 28, 2021 Uncategorized

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The Federal Reserve restated its intent to keeping a lid on interest rates, saying the pandemic “continues to weigh on the economy, and risks to the economic outlook remain.” Continue reading →

Lawsuit accuses United Wholesale Mortgage of antitrust violations

By Matt Carter | April 28, 2021 - 2:27 pm |April 28, 2021 Uncategorized

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A Florida mortgage broker alleges UWM is violating the law by refusing to do business with brokers who send loan applications to Rocket Mortgage or Fairway Independent Mortgage. Continue reading →

Citi pledges to serve more minority homebuyers

By Matt Carter | April 27, 2021 - 7:38 pm |April 27, 2021 Uncategorized

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The lender is expanding access to HomeRun and Lender Paid Assistance mortgage programs, two loan products that can be important tools for minority borrowers in low- and moderate-income neighborhoods. Continue reading →