New tools from Clear Capital facilitate desktop appraisals

Real estate agents and brokers approved by Clear Capital provide property information and photos that supplement data from public sources, helping appraisers complete accurate desktop appraisals. Continue reading

Pennymac lays off 236 workers after upping tech, marketing investments

The layoffs come as Pennymac ups its investment in technology and marketing to help it do more business directly with consumers and mortgage brokers. Continue reading

California-based unicorn PandaDoc stands with Ukrainian employees

The company continues to pay its Ukrainian workers, including those who are engaged in the fight to defend their country, and is actively recruiting new talent in the war-torn nation. Continue reading

Stewart acquires largest title agency in Illinois

Stewart yanks market share from rivals Fidelity and Old Republic by acquiring Greater Illinois Title and subsidiaries with operations in 23 states. Continue reading

Rocket acquires personal finance app Truebill in $1.275B deal

The acquisition could not only help Rocket boost its purchase loan business, but provide a steady source of revenue that’s not tied to the cyclical ups and downs of real estate. Continue reading

Stewart shifts eye for acquisitions back to title insurance

After growing its ancillary services business through acquisitions, the nation’s fourth-biggest title insurer is now looking to plug geographic holes. Continue reading

Mortgage tech provider Evolve makes third acquisition in 12 months

Now a provider of end-to-end loan services, Evolve acquires Brooks Systems to expand its regulatory compliance offerings. Continue reading

Bond yields rise as Fed says it will double pace of tapering

The Federal Reserve will double the pace of its tapering of support for mortgage markets, as falling unemployment and worries about inflation outweigh uncertainty around the potential health and economic impacts of the Omicron variant. Continue reading