Morty will expand nationwide with $25M in new funding

Morty, an online mortgage marketplace that’s focused on serving homebuyers, has closed a $25 million Series B financing round that will allow it to beef up its hiring, marketing, and product development, and bring its services to homebuyers nationwide … Continue reading

Compass is launching its own mortgage company, OriginPoint

OriginPoint will provide origination services to consumers in select Compass markets by the end of 2021, marking the brokerage’s latest move toward an end-to-end transaction. Continue reading

Delinquency rate hits lowest level seen in a year: CoreLogic

According to property analytics provider CoreLogic, 4.7 percent of mortgages in the U.S. were in some state of delinquency in April. Continue reading

Rising home prices boost demand for jumbo mortgages

Record-breaking home price appreciation is changing borrower behavior and the make-up of the mortgage market, said Black Knight Secondary Marketing Technologies President Scott Happ. Continue reading

How mortgage lenders are preparing for the end of the refi boom

While most mortgage executives continue to see direct-to-consumer lenders like Rocket Mortgage as their biggest competition, mortgage brokers are seen as an increasingly worthy rival. Continue reading

New study shows true impact of credit scores on mortgage rates

Digital mortgage marketplace OwnUp’s latest study revealed buyers with good credit scores can lose $40K in interest savings by failing to shop loan options. Continue reading

Foreclosure watch: The 10 most at-risk US cities

A new report found that 14.7 percent of the 7.6 million mortgages backed by the Federal Housing Administration were delinquent in May. Continue reading