Tag Archives: mortgage

Competition declines for second straight month, report finds

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The dip in competition can be attributed to the increase in mortgage rates, which reached 5.3 percent in May after starting March at just 3.76 percent. Continue reading →

Compass approaching ‘critical’ cash burn: Mike DelPrete

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Compass is not in immediate peril, but it is approaching a critical juncture where it will either need to raise more money or reduce expenses, according to data expert Mike DelPrete. Continue reading →

Homebuyer mortgage demand falls even as rates ease from 2022 highs

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Economic uncertainty and stock market volatility may have helped drive 12 percent decline in purchase mortgage applications. Continue reading →

Power Buyer Orchard now serving first-time homebuyers

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After piloting cash-offer product in Texas and Colorado, company plans to offer Buy With Orchard in all of its markets in the months ahead. Continue reading →

Guild Mortgage rolls out cash offer program in 11 states, more to join

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Guild’s CashPass program is available for primary residences, second homes or investment properties, with down payments depending on occupancy. Continue reading →

Opendoor’s growth has ‘materially accelerated’: DelPrete

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Last year was a record year for Opendoor — and the latest data suggests that 2022 may turn out to be even bigger. Find out more on how the iBuyer is driving growth from data expert Mike DelPrete. Continue reading →

Polly integrated with all 6 primary mortgage insurers

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The ability to retrieve quotes from private mortgage insurers helps borrowers assess their options and streamlines the mortgage insurance process for lenders. Continue reading →

Redfin economist: The Fed can change its mind

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While an abrupt shift in policy isn’t expected, Fed Chair Jerome Powell affirms that, “If things come in better than we expect, then we’re prepared to do less” tightening. Continue reading →