Black buyers twice as likely to be denied mortgages due to low appraisals

Black homebuyers are are more likely to be denied a mortgage due to low appraisals while appraisers seemed to value homes higher if the applicant matched the neighborhood’s racial makeup, Illinois Realtors study finds. Continue reading

All gas, no brakes: Knock speeds into Detroit en route to 75 markets

As of Thursday, Knock’s Home Swap and Knock GO, its “same-as-cash” mortgage product, will be offered to consumers in the Detroit, Ann Arbor and Flint through its network of partner agents. Continue reading

LoanDepot building purchase loan business as rising rates stunt refis

Joint ventures with homebuilders and referral relationships with real estate agents are helping fuel loanDepot’s partner channel. Continue reading

Microsoft ups cloud capabilities for mortgage lenders

Microsoft is bolstering its cloud capabilities with a new offering tailored to meeting the privacy, security and regulatory compliance needs of financial services companies. Continue reading

Tech takeaways from Inman Connect: Mortgage’s evolution, betting on iBuyers and more

Technology was a central theme at Inman Connect Las Vegas, dominating conversations about indie brokerages, new mortgage providers, iBuying and more. Here’s what you need to know. Continue reading

Homeowners leaving forbearance now more likely to need help

More than 500,000 borrowers are in loss mitigation after pandemic relief from monthly mortgage payments expires, according to Black Knight’s latest Mortgage Monitor Report. Continue reading

Knock focused on winning agents’ trust

In case they’re not getting the message, Knock’s booth at Inman Connect Las Vegas sported a banner that read, “In Agents We Trust.” Continue reading