Tag Archives: mortgage

The problem with appraisals (and what we can do about it)

By Lee Davenport | April 11, 2023 - 8:35 am |April 11, 2023 Uncategorized

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It is no secret that appraisals can make or break deals in the real estate industry. That’s why their accuracy matters so much. Continue reading →

Poll shows most Americans still think it’s a bad time to buy

By Matt Carter | April 10, 2023 - 9:42 pm |April 10, 2023 Uncategorized

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Consumer sentiment ticked up slightly in March as confidence in selling conditions improved and fewer people worried about losing their jobs. Continue reading →

California’s shared appreciation loan program out of money

By Matt Carter | April 10, 2023 - 3:11 pm |April 10, 2023 Uncategorized

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$300 million in seed funding for CalHFA’s “Dream For All” program is gone less than two weeks after it launched. The program is expected to help 2,300 first-time homebuyers. Continue reading →

Homepoint selling wholesale business to The Loan Store

By Matt Carter | April 7, 2023 - 9:05 pm |April 7, 2023 Uncategorized

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Parent company Home Point Capital to take an equity stake in The Loan Store, with Homepoint executive Phil Shoemaker to be installed as CEO when the deal closes by the end of the second quarter. Continue reading →

Mortgage, tech experts invited to brainstorm ideas at ‘TechSprint’

By Matt Carter | April 7, 2023 - 2:58 pm |April 7, 2023 Uncategorized

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Fannie Mae and Freddie Mac’s federal regulator will host Velocity TechSprint, a problem-solving challenge for product developers and data scientists in nation’s capital July 10-13. Continue reading →

Purchase loan demand falls as jumbo mortgages buck rate trend

By Matt Carter | April 5, 2023 - 9:32 pm |April 5, 2023 Uncategorized

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Ongoing banking instability sparked by the failures of Silicon Valley Bank and Signature Bank may affect the availability of jumbo mortgages. Continue reading →

LoanDepot founder gets wish: Ozonian joins board after face-off

By Matt Carter | April 5, 2023 - 9:14 pm |April 5, 2023 Uncategorized

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The settlement with loanDepot founder Anthony Hsieh ends a proxy fight that broke out in February after Hsieh was ousted as loanDepot’s executive chairman. Continue reading →

Better workers fear they won’t see $100M in retention stock bonuses

By Matt Carter | April 5, 2023 - 4:54 pm |April 5, 2023 Uncategorized

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The mortgage lender says it remains committed to distributing equity-based bonuses to all eligible employees, including $50M from CEO and founder Vishal Garg’s personal equity. Continue reading →

Zillow settles shareholder lawsuit over co-marketing program

By Matt Carter | April 4, 2023 - 5:09 pm |April 4, 2023 Uncategorized

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Zillow has maintained its agent-lender co-marketing program is RESPA compliant, and admitted no wrongdoing while agreeing to pay $15 million, which was granted preliminary approval Monday Continue reading →

Rocket Homes is target of ‘ongoing law enforcement investigation’

By Matt Carter | April 4, 2023 - 5:00 pm |April 4, 2023 Uncategorized

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The Consumer Financial Protection Bureau launched an investigation into Rocket’s real estate brokerage arm in 2020 on eve of the company’s IPO. Three years later, the probe is ongoing. Continue reading →