Author Archives: Matt Carter

Power Buyer Orchard now serving first-time homebuyers

By Matt Carter | May 17, 2022 - 6:11 pm |May 17, 2022 Uncategorized

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After piloting cash-offer product in Texas and Colorado, company plans to offer Buy With Orchard in all of its markets in the months ahead. Continue reading →

Guild Mortgage rolls out cash offer program in 11 states, more to join

By Matt Carter | May 16, 2022 - 11:10 pm |May 16, 2022 Uncategorized

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Guild’s CashPass program is available for primary residences, second homes or investment properties, with down payments depending on occupancy. Continue reading →

Polly integrated with all 6 primary mortgage insurers

By Matt Carter | May 16, 2022 - 4:01 am |May 16, 2022 Uncategorized

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The ability to retrieve quotes from private mortgage insurers helps borrowers assess their options and streamlines the mortgage insurance process for lenders. Continue reading →

Redfin economist: The Fed can change its mind

By Matt Carter | May 13, 2022 - 7:27 pm |May 13, 2022 Uncategorized

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While an abrupt shift in policy isn’t expected, Fed Chair Jerome Powell affirms that, “If things come in better than we expect, then we’re prepared to do less” tightening. Continue reading →

Blend Labs sees Q1 loss soar by 167% as rising rates curb refis

By Matt Carter | May 13, 2022 - 12:13 pm |May 13, 2022 Uncategorized

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Blend’s net loss for the quarter — up 167 percent from a year ago — came despite a 124 percent year-over-year increase in revenue, to $71.5 million, according to an earnings call on Thursday. Continue reading →

Digital title insurer Doma laying off 310 employees as refis plummet

By Matt Carter | May 11, 2022 - 8:24 pm |May 11, 2022 Uncategorized

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Executives say the layoffs will save the company about $30 million a year and help it bring its technology to bear on purchase mortgages. Continue reading →

Homebuyers showing ‘some resiliency’ to higher rates

By Matt Carter | May 11, 2022 - 7:50 pm |May 11, 2022 Uncategorized

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A lender survey shows demand for purchase mortgages rose for a second week in a row, but borrowers are increasingly turning to adjustable-rate loans. Continue reading →

Rocket says it’s preparing for further declines in mortgage profits

By Matt Carter | May 11, 2022 - 2:26 pm |May 11, 2022 Uncategorized

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Buyout offers to approximately 2,000 workers are expected to save nation’s biggest mortgage lender roughly $180 million per year, according to a Q1 earnings call on Tuesday. Continue reading →

Morty now providing jumbo mortgages up to $3M in 44 states

By Matt Carter | May 11, 2022 - 1:00 pm |May 11, 2022 Uncategorized

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Morty, an online mortgage marketplace focused on homebuyers, has doubled its headcount over the last year to 70. Continue reading →

LoanDepot to lay off workers as originations plunge 48%

By Matt Carter | May 10, 2022 - 7:39 pm |May 10, 2022 Uncategorized

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LoanDepot will lay off workers and suspend its quarterly dividend after posting a $91.3 million first quarter loss. Continue reading →