Author Archives: Matt Carter

Regulator rescinds new Fannie, Freddie fee for riskier borrowers

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Lending industry groups like the Mortgage Bankers Association called a fee based on borrower’s debt-to-income ratio “unworkable.” Continue reading →

Mortgage applications surged last week but rates are climbing again

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Applications for purchase mortgages rose 5 percent last week, but a strong jobs report and ongoing bank instability are pushing mortgage rates back up. Continue reading →

Blend trims Q1 loss as $37.3M in revenue beats guidance

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While the mortgage industry has been shrinking, Blend says it has been building its market share, processing 23.2 percent of mortgages originated in H2 2022. Continue reading →

Big Purple Dot launches recruiting tool for mortgage lenders

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BPD Recruit taps CoreLogic data to let lenders see who their competitors’ most productive loan officers are, then automates the process of luring them away. Continue reading →

Ocrolus taps OpenAI to sift more mortgage apps — without humans

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The document automator’s analysis of borrower-supplied mortgage documentation provides “full-stack capabilities,” helping lenders capture data fields, detect fraud and analyze cash flows. Continue reading →

EasyKnock acquires Ribbon in bid to launch national marketplace

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The sale-leaseback platform plans to launch a marketplace later this year designed to serve homesellers and buyers, both individuals and investors, EasyKnock revealed to Inman exclusively. Continue reading →

Ongoing doubts about soundness of regional banks rattle investors

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Shares in regional banks PacWest Bancorp and Western Alliance Bancorp tumble, and TD Bank Group and First Horizon announce they’re calling off their merger. Continue reading →

Fed signals it may be done raising rates, but Powell won’t talk pivot

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Bank failures and potential debt ceiling showdown are wildcards for Fed policymakers weighing their next move as the threat of recession looms. Continue reading →