Author Archives: Matt Carter

Fed will keep buying $40 billion in mortgages every month

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As Fed’s balance sheet approaches $8 trillion, policymakers say path of the economy continues to depend on the course of the pandemic. Continue reading →

Truework speeding up income verification for gig-economy workers

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Truework is rolling out Credentials, a new service that lets workers log into their payroll provider to share verified income and employment data with their mortgage lender or other authorized third parties. Continue reading →

Total Expert integrates RatePlug to connect loan officers with agents

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RatePlug, a marketing platform that connects mortgage loan officers and real estate agents, is now integrated into Total Expert, a customer relationship management solution. Continue reading →

Stewart bolsters Midwest operations with Title First Agency acquisition

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After posting record second quarter earnings, Stewart Information Services Corp. has acquired one of the nation’s largest independent title agencies, Title First Agency Inc. Continue reading →

Cloud providers are now big players in the mortgage process

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Cloud providers like AWS, Google Cloud and Microsoft Azure not only provide flexibility to scale, but have also developed proprietary AI and machine learning capabilities that can be customized to meet the needs of mortgage lenders. Continue reading →

1M homeowners face elevated risk of foreclosure when protections lift

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The percentage of homeowners who are behind on their mortgage payments continues to fall, but an estimated 1 million homeowners face an elevated risk of foreclosure when forbearance protections start expiring in September. Continue reading →

Ransomware attack threatens closings, sensitive client data

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A ransomware attack on Cloudstar, which provides cloud hosting for title insurance applications, is threatening to derail mortgage closings and put sensitive client information at risk. Continue reading →

Better rapidly scaling up real estate, title insurance businesses

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Better’s real estate brokerage subsidiary has largely flown under the radar, but that’s about to change as it integrates Better Real Estate and its other businesses onto a single platform. Continue reading →

Homebuyer pool set to expand with mortgage alternatives: CEOs

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The CEOs of Divvy Homes and HomeLight said during Connect Now that they can help agents’ clients negotiate challenging market conditions. Continue reading →