Author Archives: Matt Carter

Veros says its AVM isn’t tripped up by historical redlining boundaries

By Matt Carter | June 16, 2023 - 8:45 pm |June 16, 2023 Uncategorized

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Study finds that homes located within historically redlined neighborhoods tend to have less living space, smaller lot sizes and more variations in quality. Continue reading →

Audits find fault with help provided to FHA borrowers during pandemic

By Matt Carter | June 15, 2023 - 9:41 pm |June 15, 2023 Uncategorized

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Loan servicer Mr. Cooper is ‘deeply disappointed’ that the HUD OIG audit focused on problems it says were mostly technical, rather than on borrower outcomes. Continue reading →

Fed skips June rate hike, leaves door open to future increases

By Matt Carter | June 14, 2023 - 8:21 pm |June 14, 2023 Uncategorized

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While Fed policymakers currently see the need for two more rate hikes this year, some economists think the economy will continue to cool without further tightening. Continue reading →

Homebuyer mortgage demand picks up even as lenders tighten

By Matt Carter | June 14, 2023 - 7:08 pm |June 14, 2023 Uncategorized

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Mortgage lenders tightened standards for the third month in a row in May, with mortgage credit availability falling to the lowest level since January 2013. Continue reading →

TransUnion bets $24M in strategic partnership with Truework

By Matt Carter | June 14, 2023 - 7:01 am |June 14, 2023 Uncategorized

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Deal sets the stage for TransUnion to go head-to-head with Equifax’s verification service, The Work Number, and help mortgage lenders speed up closings. Continue reading →

Vesta continues building out integrations with The Work Number

By Matt Carter | June 13, 2023 - 9:20 pm |June 13, 2023 Uncategorized

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Founded in 2020 by Blend veterans Mike Yu and Devon Yang in San Francisco, the loan origination system has rolled out a series of product upgrades since $30 million Series A. Continue reading →

Offerpad executes 1-for-15 reverse stock split to head off delisting

By Matt Carter | June 12, 2023 - 8:44 pm |June 12, 2023 Uncategorized

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The pioneering iBuyer hopes to bring its share price back above the New York Stock Exchange’s $1 minimum threshold. Continue reading →

It’s definitely a seller’s market: Buyer sentiment sags in poll

By Matt Carter | June 9, 2023 - 10:15 pm |June 9, 2023 Uncategorized

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With home prices and mortgage rates showing few signs of easing, only 19 percent of Americans thought May was a good time to buy. Continue reading →

Treasury Secretary: Commercial real estate will suffer ‘some pain’

By Matt Carter | June 9, 2023 - 1:08 pm |June 9, 2023 Uncategorized

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In her first interview since the resolution of the debt ceiling crisis, Treasury Secretary Janet Yellen said that while she expects “some pain” and even consolidation, banks will weather the storm. Continue reading →

Better.com lays off in-house real estate agents nationwide

By Matt Carter | June 8, 2023 - 5:40 pm |June 8, 2023 Uncategorized

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Troubled mortgage lender had touted Better Real Estate as a crucial component of its plans to build out an integrated end-to-end technology platform. Continue reading →