Author Archives: Matt Carter

Homebuyers take notice as mortgage rates continue to fall

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Demand for purchase loans has increased in five out of the past six weeks, according to a weekly survey of lenders by the Mortgage Bankers Association released Wednesday. Continue reading →

Big names backing nesto’s bid to upend Canadian mortgage lending

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“Oversubscribed” $80 million Series C round brings total funding raised by Montreal-based digital mortgage lending platform to $167.5 million. Continue reading →

The Real Brokerage closes deal to acquire LemonBrew Lending

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This year’s acquisitions of LemonBrew Lending and Expetitle pave the way for the company to provide end-to-end services to homebuyers in many markets. Continue reading →

Surveys show impact of mortgage ‘lock-in effect’ on seller psychology

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Harris Poll finds 71 percent of Americans would be hesitant to move due to economic uncertainty over concerns, such as interest rates, inflation or a recession. Continue reading →

Mortgage broker who forged loan documents for clients gets 5 years

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Prosecutors say Alex Ashod Dadourian, a licensed mortgage loan broker in Southern California, fabricated income and employment verification documents to win approvals for 17 mortgages totaling more than $8 million. Continue reading →

Motto Mortgage partners with SOCi for online reputation management

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The growing marketing platform counts multilocation brands, such as Ace Hardware, Ford Motor Company and Smashburger as clients. Continue reading →

Homebuyer sentiment up slightly in November for first time in 9 months

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Fannie Mae survey shows consumers remain concerned about factors, including the outlook for home price declines, mortgage rates and access to mortgage credit. Continue reading →

Mortgage rates fall — but so does demand, breaking 4-week streak

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As mortgage rates continue to retreat from 2022 highs, all eyes will be on Federal Reserve as policymakers conduct their final meeting of the year next week. Continue reading →

Venture capital giants like Pylon’s embeddable mortgage offering

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An $8.5 million seed funding round was led by Conversion Capital, with participation from Fifth Wall, Peter Thiel, QED Investors, Montage Ventures and Village Global. Continue reading →