Author Archives: Matt Carter

New, deeper mortgage relationships boost Blend’s Q2 revenue

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The San Francisco-based cloud banking software developer reported second quarter revenue of $32.1 million, up 46 percent from a year ago. Continue reading →

Flueid awarded patent on title insurance decisioning platform

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Flueid Decision is multi-tenant and agnostic, meaning “it’s not owned or managed by any one underwriter, title agent, lender, servicer or service provider and is not focused on any one component of the real estate lifecycle.”  Continue reading →

Why homebuyers aren’t taking advantage of drop in mortgage rates

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The historically low level of inventory for sale suggests that any rate-related increase in sales will be muted due to the inadequacy of listings needed to fulfill higher buyer demand. This softer sales response also suggests more upward pressure on pr… Continue reading →

Fannie, Freddie regulator wants to help more low-income homebuyers

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The Federal Housing Finance Agency wants at least 35 percent of the purchase mortgages backed by Fannie and Freddie to be taken out by low- and very low-income borrowers, up from 30 percent today. Continue reading →

Take your pick: Encompass handles both old and new qualified mortgage rules

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Fannie and Freddie will use new price-based qualified mortgage rule for loans with settlement dates after Aug. 31. Continue reading →

Homebot adds property search tool with NestReady acquisition

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“Home search is ripe for innovation and implementation by lenders for securing more purchase business,” said Homebot CEO Ernie Graham. Continue reading →

United Wholesale Mortgage purchase loan business up 288%

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UWM CEO Mat Ishbia emphasized the dramatic growth in purchase loan volume, saying the company’s relationships with mortgage brokers will help it stay profitable as mortgage rates increase and refinancings dry up. Continue reading →

Divvy Homes valued at $2B following $200 million Series D

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San Francisco-based Divvy Homes buys homes on behalf of clients, who contribute 1 to 2 percent of the homes value toward their down payment savings while they rent. Continue reading →