Author Archives: Matt Carter

RE/MAX’s Motto Mortgage now has 194 offices in 39 states

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With a new office in Alaska and an expanded presence in South Carolina, Motto Franchising has signed seven new franchisees in 2022. Continue reading →

LoanDepot to shed 4,800 workers in 2022 in bid to return to profitability

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Lender hopes to cut up to $400 million in annual expenses and become profitable by the end of 2022 after rising mortgage rates gut profitable refinancing business. Continue reading →

UpEquity latest Power Buyer to join zavvie’s solutions marketplace

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Austin, Texas-based mortgage platform UpEquity has more avenues to partner with real estate brokerages as it looks to expand its footprint to 23 states by the end of the year. Continue reading →

As rates rose, demand for mortgages dwindled every month in Q2

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Rising rates took their toll not only on refinancing but on homebuyer demand for purchase loans in June, according to an analysis of rate lock data released Monday by Black Knight. Continue reading →

As recession looms, consumers see tide turning in favor of homebuyers

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Fannie Mae finds 81 percent of Americans think the economy is on the wrong track, but the share of consumers who think it’s a good time to buy ticked up in June. Continue reading →

Sprout Mortgage is 2nd non-QM lender to implode in as many weeks

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Failures raise questions about the viability of a small but growing corner of the mortgage business that largely serves self-employed borrowers. Continue reading →

Homebuyers can start loan apps with Google or Facebook credentials

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Floify claims it’s the first first major mortgage point-of-sale software provider to offer Single Sign-On (SSO) capabilities. Continue reading →

Mortgage rates easing on recession fears, but homebuyers not biting

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Although fears of a recession are bringing mortgage rates down, would-be homebuyers aren’t rushing to apply for loans, according to a weekly survey of lenders. Continue reading →

CoreVest gearing up to make more bridge loans to flippers

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Parent company Redwood Trust closes deal to acquire Portland, Oregon-based bridge loan provider Riverbend Funding LLC. Continue reading →