Author Archives: Matt Carter

Would-be homebuyers rushed to lock in mortgage rates in March

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Despite the fastest one-month rise in mortgage rates in nearly 13 years, purchase lock volume climbed 31 percent from February. Continue reading →

Moderne Ventures names 9 startups for 2022 Passport Program

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Companies participating in the six-month industry immersion program gain access to Moderne’s network of over 700 executives and corporations, according to an announcement Thursday.
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Homebuyer sentiment hits record low

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Only 24 percent of consumers think now is a good time to buy a home — the lowest reading ever recorded in a monthly survey conducted by Fannie Mae since 2010. Continue reading →

Sagent keeps lining up deals after starting year with a bang

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Pittsburgh-based Clearview Federal Credit Union partners with Sagent to bring its mortgage servicing business in-house. Continue reading →

Rising mortgage rates most difficult for first-time homebuyers: MBA

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As rates surged last week, demand for FHA purchase loans dropped by nearly 8 percent, according to a weekly lender survey by the Mortgage Bankers Association released Wednesday. Continue reading →

LoanMAPS announces integrations with FormFree and DocMagic

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Integration with FormFree enables loan originators to text or email borrowers a request to electronically verify asset, income and employment data without leaving LoanMAPS, while integration with DocMagic’s Total eClose platform eliminates the need for… Continue reading →

RenoFi lands $14M Series A to connect home renovators to lenders

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The startup’s origination and underwriting platform lets homeowners borrow up to 90 percent of their home’s “future value.” Continue reading →

Porch buying spree continues with $33M RWS acquisition

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Porch closed its latest acquisition days after parting ways with its CFO upon discovering weaknesses in financial reporting that prevented it from filing its 2021 annual report on time. Continue reading →

Home price growth ‘reaccelerates’ to set new February record

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February’s 19.6 percent annual home price appreciation, together with sharp rise in mortgage rates, produced the tightest affordability in 15 years, according to new data from Black Knight. Continue reading →

Redfin closes $137.8M acquisition of Bay Equity Home Loans

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The deal to purchase the California-based national mortgage lender accelerates the brokerage’s strategy to become a one-stop shop for buying, selling, renting and financing a home. Continue reading →