Author Archives: Matt Carter

Anywhere vet Simon Chen is new CEO of bridge loan provider Arrival

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The San Francisco-based startup lets homeowners tap their equity to obtain bridge loans and submit a “cash-equivalent offer” on their next home. Continue reading →

Doma sells off more title operations in Texas and Midwest

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Deals with Capital Title of Texas and Near North Title Group follow the sale of 22 retail title locations and operations centers in California to Williston Financial Group in May. Continue reading →

Economy’s strength could keep a damper on existing-home sales

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Lack of inventory driven by mortgage lock-in effect may persist if the Federal Reserve maintains a ‘higher-for-longer’ rate strategy to combat inflation, Fannie Mae economists said. Continue reading →

California puts another $200M into shared appreciation loans

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CalHFA’s Dream For All loan program for first-time homebuyers burned through the first $300 million funding round in less than two weeks. Continue reading →

Angelo Mozilo, symbol of subprime mortgage lending, dies at 84

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The co-founder of Countrywide Financial cast himself as the leader of the revolution to expand access to mortgage lending but became the public face of the subprime mortgage collapse. Continue reading →

How does Wendy Papasan find the time? Leverage, leverage, leverage

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Ahead of Inman Connect Las Vegas in August, the Papasan Properties Group co-founder revealed how she leverages herself by hiring others and tapping her network to grow her businesses. Continue reading →

AI mortgage chatbot launches as ChatGPT comes under scrutiny

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Beeline CEO Nick Liuzza is unfazed after the lender launched what it claims is the world’s first AI mortgage chatbot during the same week that the FTC hit ChatGPT creator OpenAI with an investigative demand. Continue reading →

US Bank, UWM join movement to boost minority lending

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With Fannie and Freddie leading the charge, a growing number of lenders are using special purpose credit programs to boost homeownership in underserved communities. Continue reading →

Truework adds fraud protection to automated income verifications

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Most borrowers who have granted their mortgage lenders permission to verify their income and employment won’t have to confirm the request a second time with their employer’s payroll provider. Continue reading →