Author Archives: Matt Carter

Homebuyer mortgage demand falls even as rates ease from 2022 highs

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Economic uncertainty and stock market volatility may have helped drive 12 percent decline in purchase mortgage applications. Continue reading →

Power Buyer Orchard now serving first-time homebuyers

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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

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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

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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

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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

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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 →