Tag Archives: mortgage

Homebot adds property search tool with NestReady acquisition

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“Home search is ripe for innovation and implementation by lenders for securing more purchase business,” said Homebot CEO Ernie Graham. Continue reading →

United Wholesale Mortgage purchase loan business up 288%

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UWM CEO Mat Ishbia emphasized the dramatic growth in purchase loan volume, saying the company’s relationships with mortgage brokers will help it stay profitable as mortgage rates increase and refinancings dry up. Continue reading →

5 things to share with your clients in low inventory markets

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Steering homebuyers through a competitive, low inventory market can be difficult. Even the most experienced real estate agent can have a hard time helping their clients through a tight housing market. From bidding wars to high asking prices, set expect… Continue reading →

Divvy Homes valued at $2B following $200 million Series D

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San Francisco-based Divvy Homes buys homes on behalf of clients, who contribute 1 to 2 percent of the homes value toward their down payment savings while they rent. Continue reading →

First American providing same-day title decisions on eligible mortgage refis, home equity loans

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Taking a page from the playbook of a fintech upstart, the nation’s largest title insurance underwriter is making an automated title decision engine available to title agents. Continue reading →

Healthy jobs report drives up mortgage rates for first time in weeks

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During the pandemic, the Federal Reserve has been keeping a lid on interest rates by increasing its holdings of long-term Treasurys and mortgage-backed securities (MBS) by $120 billion a month. Before announcing a timetable for tapering those purchases… Continue reading →

How inflation has impacted this broker

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Inflation can have a deep and lasting impact on housing and the larger economy. Here, one broker steps back to recount what it was like during the 1970s inflation and what’s different now. Continue reading →

New Fannie Mae rule may help renters qualify for a mortgage

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Would-be homebuyers with thin credit files will have a better chance of getting approved for a mortgage if they’ve been paying their rent consistently, thanks to changes to Fannie Mae’s automated underwriting system taking effect next month. Continue reading →

Buyer demand for mortgages jumps for first time in almost a month

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With low for-sale inventory keeping home price appreciation in many markets at record highs, the jump in FHA purchase applications is potentially a sign that more first-time buyers are finding purchase options despite the high prices. Continue reading →