Tag Archives: mortgage

Truist puts former Keller Williams exec in charge of home loans

By Matt Carter | June 20, 2023 - 9:12 pm |June 20, 2023 Uncategorized

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David Smith will oversee Truist’s direct, correspondent and warehouse mortgage channels as well as servicing for more than 1.2 million homeowners. Continue reading →

Veros says its AVM isn’t tripped up by historical redlining boundaries

By Matt Carter | June 16, 2023 - 8:45 pm |June 16, 2023 Uncategorized

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Study finds that homes located within historically redlined neighborhoods tend to have less living space, smaller lot sizes and more variations in quality. Continue reading →

Audits find fault with help provided to FHA borrowers during pandemic

By Matt Carter | June 15, 2023 - 9:41 pm |June 15, 2023 Uncategorized

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Loan servicer Mr. Cooper is ‘deeply disappointed’ that the HUD OIG audit focused on problems it says were mostly technical, rather than on borrower outcomes. Continue reading →

Fed skips June rate hike, leaves door open to future increases

By Matt Carter | June 14, 2023 - 8:21 pm |June 14, 2023 Uncategorized

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While Fed policymakers currently see the need for two more rate hikes this year, some economists think the economy will continue to cool without further tightening. Continue reading →

Homebuyer mortgage demand picks up even as lenders tighten

By Matt Carter | June 14, 2023 - 7:08 pm |June 14, 2023 Uncategorized

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Mortgage lenders tightened standards for the third month in a row in May, with mortgage credit availability falling to the lowest level since January 2013. Continue reading →

Nearly 92% of all US homeowners now have a mortgage rate below 6%

By Ben Verde | June 14, 2023 - 5:02 pm |June 14, 2023 Uncategorized

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The vast majority of United States homeowners boast a mortgage rate below the current average of 6.71 percent — a bittersweet pill that explains the stalemate playing out in housing markets across the country. Continue reading →

TransUnion bets $24M in strategic partnership with Truework

By Matt Carter | June 14, 2023 - 7:01 am |June 14, 2023 Uncategorized

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Deal sets the stage for TransUnion to go head-to-head with Equifax’s verification service, The Work Number, and help mortgage lenders speed up closings. Continue reading →

Vesta continues building out integrations with The Work Number

By Matt Carter | June 13, 2023 - 9:20 pm |June 13, 2023 Uncategorized

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Founded in 2020 by Blend veterans Mike Yu and Devon Yang in San Francisco, the loan origination system has rolled out a series of product upgrades since $30 million Series A. Continue reading →

Redlining and steering continue to plague housing. So where’s NAR?

By Chris Drayer | June 13, 2023 - 4:04 pm |June 13, 2023 Uncategorized

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By backing its membership and ignoring bad actors, the National Association of Realtors has set itself up for government oversight and intervention, writes Revaluate co-founder Chris Drayer. Continue reading →

Offerpad executes 1-for-15 reverse stock split to head off delisting

By Matt Carter | June 12, 2023 - 8:44 pm |June 12, 2023 Uncategorized

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The pioneering iBuyer hopes to bring its share price back above the New York Stock Exchange’s $1 minimum threshold. Continue reading →