Tag Archives: mortgage

Orchard open for business in Phoenix, Portland and Seattle

By Matt Carter | April 27, 2022 - 4:59 pm |April 27, 2022 Uncategorized

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The Power Buyer has doubled its geographic footprint since its $100 million Series D round and now has a presence in 13 markets. Continue reading →

HomePace to launch homebuyer solution with backing from Lennar

By Matt Carter | April 27, 2022 - 3:00 pm |April 27, 2022 Uncategorized

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With $7 million in Series A funding led by LENx, shared equity startup HomePace will launch homebuyer solution that allows buyers to double their down payments. Continue reading →

Mortgage rates climb to highest level since 2009

By Matt Carter | April 27, 2022 - 11:00 am |April 27, 2022 Uncategorized

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ARM loans accounted for 17 percent of mortgage applications by dollar volume, with the average borrower seeking a $728,900 loan. Continue reading →

LoanDepot founder Anthony Hsieh hands CEO reins to Frank Martell

By Matt Carter | April 26, 2022 - 6:24 pm |April 26, 2022 Uncategorized

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Former CoreLogic CEO Frank Martell will oversee loanDepot’s daily operations while Hsieh will continue to play “holistic strategic role” as executive chairman. Continue reading →

Bidding wars dip for first time in 2022 — but competition still fierce

By Jim Dalrymple II | April 25, 2022 - 10:13 pm |April 25, 2022 Uncategorized

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Agents still face tough conditions despite homebuyer competition, according to a new report from Redfin. Competition is slightly less tough. Continue reading →

As mortgage lenders’ costs rise, so do homebuyers’ closing costs

By Matt Carter | April 22, 2022 - 7:40 pm |April 22, 2022 Uncategorized

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Rising home prices and lender costs helped drive up homebuyers’ closing costs by 13.4 percent in 2021, to an average of $6,905. Loan production expenses hit an all-time of $9,470 per loan high during the fourth quarter of 2021. Continue reading →

Zillow changes tune on 2023 home values and sales. Here’s why

By Lillian Dickerson | April 22, 2022 - 4:50 pm |April 22, 2022 Uncategorized

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Zillow now expects home value growth to reach 14.9% through March 2023, down from its previous estimate of 16.5% growth. What’s with the downgrade? Continue reading →

Blend Labs laying off 200 employees as mortgage refinancings plummet

By Matt Carter | April 21, 2022 - 4:46 pm |April 21, 2022 Uncategorized

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The mortgage tech provider’s newly acquired title insurance business has been particularly hard hit by the end of the refinancing boom. Continue reading →

Neat Loans wins backing from Comcast venture capital subsidiary

By Matt Carter | April 20, 2022 - 5:10 pm |April 20, 2022 Uncategorized

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In addition to financing, Forecast Labs offers startups access to direct response television, direct mail programs. Continue reading →

‘Modest recession’ eyed in 2023, Fannie Mae economists predict

By Matt Carter | April 19, 2022 - 2:49 pm |April 19, 2022 Uncategorized

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Home sales now expected to decline by 7.4 percent this year and 9.7 percent in 2023, a dramatic adjustment from March, when Fannie Mae forecast a 4.1 percent decrease in home sales this year and 2.7 percent in 2023. Continue reading →