Tag Archives: mortgage

Mortgage rates haven’t been this chaotic since Black Monday: Study

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A buyer looking at $500,000 houses in July would have seen their potential monthly payment fall by $177 in August, then rise by $328 since. Continue reading →

Snapdocs integrations with Byte, BeSmartee will automate closings

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American Bancshares is among the first lenders to make the most of the new integration with BeSmartee to provide digital closing documents and collect eSignatures. Continue reading →

CMS seeks to set ‘gold standard’ in mortgage origination technology

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With backing from Canadian software giant Constellation Real Estate Group, Constellation Mortgage Solutions will debut its new NOVA loan origination solution at the MBA annual conference. Continue reading →

US housing markets considered ‘overvalued’ quadrupled in 2022

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Median home sale prices exceed the house-buying power of would-be buyers in 19 of 50 markets, according to data released Tuesday by First American Financial Corp. Continue reading →

Opendoor expands rapid preapproval app to 3 new states

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Once only available in California, the expansion will see the Opendoor Finance App available in Texas, Arizona and Georgia, promising consumers preapproval letters in 60 seconds or less. Continue reading →

PNC Bank partners with Blend to digitize mortgage applications

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“Strategic partnership” is a win for mortgage tech and title insurance provider Blend, which has cut its workforce by about 25 percent this year and racked up an accumulated $995 million deficit. Continue reading →

Moody’s says odds of recession have risen to ‘uncomfortably high’ 59.5%

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Investors who fund mortgages are demanding unusually high premiums in comparison to government bonds, out of fears the loans they make now could quickly be refinanced if rates drop. Continue reading →

Guaranteed Rate taking borrowers from application to close en Español

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Lender expands Spanish language access program launched in April to include disclosures that describe loan terms and fees. Continue reading →