Author Archives: Matt Carter

Disparity in mortgage rates offered by lenders doubled in 2022: Study

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Homebuyers can potentially save $600 to $1,200 a year by applying for a mortgage with multiple lenders, according to research by Freddie Mac. Continue reading →

Motto Mortgage opened offices at a record pace in 2022 as sales slowed

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Double-digit growth in open offices was a bright spot for parent company RE/MAX Holdings, which reported a $2.6 million fourth-quarter net loss. Continue reading →

New Black Knight integrations ‘close the loop’ on digital mortgages

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Integration of Wolters Kluwer’s eNote and eVault capabilities into Black Knight’s digital closing solution, Expedite Close, eliminates the need for multiple vendors. Continue reading →

Study sounds the alarm on $187B ‘climate housing bubble’

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A study led by economists at the Environmental Defense Fund identifies some surprising regions, such as Appalachia and northern New England, as overvaluation hotspots. Continue reading →

Divvy Homes’ employees say there has been another round of layoffs

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Although Divvy has not yet responded to requests for comment, a half-dozen former employees posted on LinkedIn that they were laid off Wednesday. Continue reading →

Demand for purchase loans sinks as mortgage rates rebound

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Mortgage rates have been inching up from 2023 lows following a strong jobs report and January’s Consumer Price Index readout, which shows only a slight cooling in inflation. Continue reading →

ICE sees $13B Black Knight merger surviving antitrust concerns

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Black Knight is reportedly looking to spin off its Empower loan origination system to placate regulators’ antitrust concerns as critics raise market power, data privacy issues. Continue reading →

Rocket CEO Jay Farner, who led company’s 2020 IPO, retiring June 1

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Former Rocket Mortgage CEO Bill Emerson will serve as the company’s interim CEO while its board of directors conducts a search for a permanent leader. Continue reading →

Mr. Cooper lays out path to $1T mortgage servicing rights portfolio

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Rising mortgage rates have many lenders looking to sell servicing rights, creating an opportunity for a Dallas-based company that now collects payments on $870 billion in loans. Continue reading →

Altisource public stock offering will pay off roughly $20M in debt

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Shares in Hubzu operator touched a new 52-week low Friday after the company released details of its plan to pay off a portion of its nearly $200 million in debt. Continue reading →