Author Archives: Matt Carter

Setpoint lands $31B in Series B funding led by 645 Ventures

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Since launching in 2021 as the “Stripe of real estate” providing technology and funding to proptechs, Setpoint has expanded into additional asset-backed lending lines including auto, consumer and small business. Continue reading →

Mortgage rates trending down as Fed rate cuts seen as certain

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Investors see a September rate cut as a certainty, but the latest inflation data suggests recession fears are overblown and the Fed will start out with a modest, 25-basis point reduction. Continue reading →

‘Fix-and-flip’ loans are going mainstream with investors

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Kiavi has packaged up more than $5.1 billion in “residential transition loans” for sale to investors. The latest deal — the first to be evaluated by a credit rating agency — was oversubscribed and bumped up to $400 million. Continue reading →

Fathom says revenue sharing will help it recruit new agents

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After growing its agent count by 12 percent to 12,224, the flat-fee brokerage says it’s poised for continued growth with new commission plans that pay agents a percentage of revenue generated by the agents they recruit. Continue reading →

RE/MAX’s Motto Mortgage office count is shrinking for first time

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Franchise sales have slowed, and some existing franchisees have canceled their agreements, but Motto Franchising President Ward Morrison expects growth to resume when lending picks up. Continue reading →

Investors bullish on Blend on Q2 earnings and revenue beat

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Cloud banking software provider maintains steady growth in consumer banking revenue, while reversing the decline in its main line of business of providing services to mortgage lenders. Continue reading →

Calque adds 2 more lenders to growing nationwide partner roster

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Austin, Texas-based fintech’s flagship product, “The Trade-In Mortgage,” helps homebuyers make non-contingent offers and removes their current house from debt-to-income calculation. Continue reading →

Investors aren’t ready to buy in to Better’s comeback story

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Digital mortgage lender boosted second quarter loan production by 45 percent and says it’s on track to originate more than $1 billion in mortgages in Q3 for the first time in two years, but losses continue to mount. Continue reading →

Mortgage rates bounce back before homebuyers can pounce

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The big drop in mortgage rates did more to spur refinancing than homebuying, according to a weekly survey of lenders by the Mortgage Bankers Association, and now rates are rising again. Continue reading →