Investment management firm acquired nonbank mortgage lender First Guaranty Mortgage as part of broader strategy to serve lower end of market
Chapter 11 filing will allow the non-QM lender leeway to submit a plan of reorganization to keep its business alive and pay creditors over time
Sundae, which lets homesellers sell their properties as-is to investors without hiring a real estate agent, said layoffs were targeted to its newest markets
The partnership integrates Indecomm's automated income calculation technology, IncomeGenius, into the Roostify Beyond platform to analyze income of self-employed borrowers
Average purchase mortgage request has shrunk by 10% since March, to $413,500, as demand picks up for FHA, VA and USDA purchase loans favored by many entry-level buyers
Richard Harris, a veteran of SparkPost, Oracle and AddThis, will lead the merged company, which said it will employ 144 people with no layoffs anticipated
Non-QM lender fires three-quarters of its workforce, saying it's experienced 'significant operating losses and cash flow challenges' and has been unable to obtain funding
Power Buyer confirms that it intends to fill approximately 50 openings in its mortgage, real estate brokerage, marketing and finance departments
Tomo's Lock and Shop service fee is $750, which homebuyers can recoup when they work with Tomo Brokerage partner agents. Homebuyers can choose either a 90- or 120-day rate lock
The problems that proptechs are trying to solve — inefficiencies in real estate transactions — remain, said Parker89 Managing Director Paul Hurst, while speaking at Connect Now Thursday
Purchase mortgage applications are still down 10% from a year ago, with mortgage rates nearly doubling in the last 12 months, according to a survey by the Mortgage Bankers Association
Program piloted last year now provides services to more than a dozen mortgage lenders and loan servicers, who help 7M people finance or refinance their homes each year
Knock co-founder and CEO Sean Black shares his views on how rising home prices and mortgage rates could affect Power Buyers ahead of Inman Connect Las Vegas
Having 'created a category,' remote online notarization, CEO Pat Kinsel says company must evolve to survive potential downturn
Higher mortgage rates are now 'housing market's primary constraint,' economists at Fannie Mae said in a new forecast predicting home sales will fall 13.5% this year
Scottsdale, Arizona-based HomeLight says Series D raises the company's valuation to $1.7B, and acquisition makes it the largest 'agent-focused' cash offer program in the US
After bond market sell-off Friday and Monday, investors take Fed's 75 basis-point rate hike in stride. 'The Fed managed to hint at today's move,' said the COO of 1 capital markets advisory firm
Homebuyer demand for purchase loans picked up before a bond market sell-off sent mortgage rates soaring past 6%, according to the MBA's Weekly Mortgage Applications Survey
Brian Phillips will head operations for the company’s new Rocky Mountain Region, encompassing Colorado, Utah, Montana and Wyoming
Less than a month after partnering with Orchard to provide Power Buyer services, Lower pilots its own program in Columbus, Ohio, with plans to go nationwide
