LoanMAPS announces integrations with FormFree and DocMagic

Integration with FormFree enables loan originators to text or email borrowers a request to electronically verify asset, income and employment data without leaving LoanMAPS, while integration with DocMagic’s Total eClose platform eliminates the need for… Continue reading

RenoFi lands $14M Series A to connect home renovators to lenders

The startup’s origination and underwriting platform lets homeowners borrow up to 90 percent of their home’s “future value.” Continue reading

Home price growth ‘reaccelerates’ to set new February record

February’s 19.6 percent annual home price appreciation, together with sharp rise in mortgage rates, produced the tightest affordability in 15 years, according to new data from Black Knight. Continue reading

Redfin closes $137.8M acquisition of Bay Equity Home Loans

The deal to purchase the California-based national mortgage lender accelerates the brokerage’s strategy to become a one-stop shop for buying, selling, renting and financing a home. Continue reading

Mortgage tech provider Blend pulls back on hiring, eyes Title365 layoffs

A sharp decline in mortgage refinancing prompts Blend to pull back “very hard” on hiring and reconsider the “right number of people” needed in the title insurance segment. Continue reading

Ally now offers mortgages powered by Better in 46 states

Ally announced a strategic partnership with Better in 2019 in which Better sells, processes, underwrites, and closes Ally’s digital mortgage offerings, while Ally retains control of marketing, advertising and loan pricing. Hawaii, Nevada, New Hampshire… Continue reading

Home prices may be ‘unhinged’ from fundamentals, Fed analysts say

For months, the rise in home prices was in line with underlying indicators. Now, it may have gone too far, a Dallas Fed report suggests. Continue reading

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