Tag Archives: mortgage

Rating agencies issue more cautions about banking industry

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It’s not just regional banks but larger lenders, such as JPMorgan and Bank of America facing uncertainty if interest rates stay higher for longer, analysts said. Continue reading →

Mortgage assistance for Hawaii fire victims includes forbearance help

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Fannie Mae, Freddie Mac and the Federal Housing Administration outlined relief for homeowners as FEMA and the state of Hawaii rushed to provide emergency housing for displaced residents. Continue reading →

Blend Labs laying off 150 more workers on ‘path to profitability’

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The mortgage technology, title provider and cloud-based banking platform has eliminated more than 1,000 positions in five rounds of layoffs in the last 16 months. Continue reading →

Better 1 step closer to long-delayed IPO with approval of SPAC merger

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Shareholders on Friday overwhelmingly approved a plan to merge mortgage lender Better HoldCo with the Aurora Acquisition Corporation. The deal is expected to close before the end of August. Continue reading →

Computer vision pioneer Restb.ai unleashes its tech on valuations

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The Valuation Product Suite is geared at modernizing the appraisal process and assisting in compliance with new Fannie Mae and Freddie Mac programs that make it easier to get loans approved without an appraisal. Continue reading →

Wells Fargo providing $10K in down payment assistance in 8 metros

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To qualify for grants being made through Wells Fargo’s existing Special Purpose Credit Program, homebuyers can’t earn more than 120 percent of the area median income. Continue reading →

Title tech provider Flueid raises $10M in Series B1

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The round, led by existing investor Aquiline Technology Growth, will allow Flueid to add more integrations to its verification of title solutions suite and refine its purchase solution. Continue reading →

AI will bring tremendous change — someday in the distant future

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Artificial Intelligence could make lending more efficient, though the most radical developments may still be decades away, two tech leaders said Wednesday at Inman Connect Las Vegas. Continue reading →

Give ‘incredible insights’: Industry pros should be armed with data

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At a time when demand for loans has shriveled, Polygon Research CEO Val Buresch argued at Inman Connect Las Vegas on Wednesday that open communication will help people take action. Continue reading →

Even amid high rates, buyers have more options than they realize

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Loan officers and assistance programs are just 2 ways to close the knowledge gap, Zillow Senior Economist Orphe Divounguy and Rocket President Tim Birkmeier said Wednesday at Connect. Continue reading →