Tag Archives: mortgage

Pennymac lays off 236 workers after upping tech, marketing investments

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The layoffs come as Pennymac ups its investment in technology and marketing to help it do more business directly with consumers and mortgage brokers. Continue reading →

Realogy finalizes $210M Title Resources Guaranty deal

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Five months after announcing the sale of a controlling stake in its title insurance underwriting business, Realogy has officially sealed the deal. The New Jersey-based holding company announced the close of the $210 million deal on Tuesday, which enabl… Continue reading →

California-based unicorn PandaDoc stands with Ukrainian employees

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The company continues to pay its Ukrainian workers, including those who are engaged in the fight to defend their country, and is actively recruiting new talent in the war-torn nation. Continue reading →

Biden administration lays out bold plan to combat appraisal bias

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The five-point plan seeks to make the appraisal industry more accountable, arm consumers with assistance, prevent algorithmic bias, cultivate a more diverse appraisal industry, and leverage federal data to benefit research and policymaking. Continue reading →

New York state makes remote online notarizations permanent

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With 10 other states authorizing RONs in 2021, California and North Carolina are among the more notable holdouts. Continue reading →

Mortgage rates dip as Omicron variant triggers market volatility

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Thirty-year mortgage rates fell to 3.05 percent, down 7 basis points from the week prior, according to Freddie Mac’s most recent lender survey released Thursday. Continue reading →

Stewart acquires largest title agency in Illinois

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Stewart yanks market share from rivals Fidelity and Old Republic by acquiring Greater Illinois Title and subsidiaries with operations in 23 states. Continue reading →

Rocket acquires personal finance app Truebill in $1.275B deal

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The acquisition could not only help Rocket boost its purchase loan business, but provide a steady source of revenue that’s not tied to the cyclical ups and downs of real estate. Continue reading →

Better, brawls and Zillow’s misfire: Brad Inman says it’s just the start

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Anger is one reaction to shattered expectations, but you can’t pick a fight with an unforgiving market. These days, everyone’s fighting their own fears, Inman Publisher Brad Inman writes. Continue reading →