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

Home affordability erodes at fastest annual pace since 2004

Despite record-high prices, homes remain much more affordable for buyers than they were in 2006. However, buying power has taken a big hit lately. 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

Realogy finalizes $210M Title Resources Guaranty deal

Five months after announcing the sale of a controlling stake in its title insurance underwriting business, Realogy has officially sealed the deal. The New Jersey-based holding company announced the close of the $210 million deal on Tuesday, which enabl… 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

Biden administration lays out bold plan to combat appraisal bias

The five-point plan seeks to make the appraisal industry more accountable, arm consumers with assistance, prevent algorithmic bias, cultivate a more diverse appraisal industry, and leverage federal data to benefit research and policymaking. Continue reading

New York state makes remote online notarizations permanent

With 10 other states authorizing RONs in 2021, California and North Carolina are among the more notable holdouts. Continue reading

Mortgage rates dip as Omicron variant triggers market volatility

Thirty-year mortgage rates fell to 3.05 percent, down 7 basis points from the week prior, according to Freddie Mac’s most recent lender survey released Thursday. Continue reading