Proptech company RealReports, formerly known as BHR, has successfully secured $2 million in seed funding. TTV Capital, Moderne Ventures, Erez Capital and other venture capital firms led the round of investment. With this capital infusion, the company aims to accelerate its product development, grow its team and pursue market penetration with real estate brokerages, MLS […]
Mortgage rates are back up over 7% this morning on the back of strong economic growth data. When the economy and job growth are stronger than expected, the bond market assumes that fewer rate cuts are coming. The 10-year bond yield jumped back over 4% and that pushes mortgage rates higher too. Mortgage rates are […]
Last year was largely a good one for the nation’s homebuilders, which were able to offer rate buydowns to attract more clients while maintaining double-digit profit margins. Additionally, the competition from existing home sellers was somewhat absent. An estimated 668,000 new homes were sold in 2023, 4.2% more than the figure of 641,000 in 2022, […]
Editor in Chief Sarah Wheeler sat down with George Brady, loanDepot’s chief information officer, to discuss the company’s evolving tech strategy and how he thinks
Mortgage tech firm Blend aims to court more lenders as it now supports Fannie Mae’s Desktop Underwriter (DU) early assessment enhancement with a direct integration
When assessing December’s Home Equity Conversion Mortgage (HECM) volume data for December 2023, Reverse Market Insight (RMI) used a choice word as the title for
Title insurance giant First American Financial reported progress on restoring its systems from a pre-Christmas cybersecurity incident. First American has fallen victim to data theft
Detroit-based Rocket Companies, parent of Rocket Mortgage, has named Jonathan Mildenhall to its newly created chief marketing officer position, responsible for the marketing and communications teams for
Older Americans are forced to navigate a series of serious financial challenges compounded by their needs for both housing and later life care. While home
After a 2023 of real estate brokers saying they feel “neutral” or “pessimistic” about the housing market, some 48% of those surveyed for the Q1 2024 HousingWire BrokerPulse survey are optimistic that the next three months will be positive. In fact, some 60% says that interest rates will go down
Editor in Chief Sarah Wheeler sat down with George Brady, loanDepot’s chief information officer, to discuss the company’s evolving tech strategy and how he thinks long-term about tech in a rapidly changing environment. Sarah Wheeler: You joined loanDepot in 2021 from Capital One. What drew you into the mortgage industry?
Mortgage tech firm Blend aims to court more lenders as it now supports Fannie Mae’s Desktop Underwriter (DU) early assessment enhancement with a direct integration from Blend’s soft credit pull function. DU early assessment gives lenders more options for their pre-qualification process in DU. Lenders can submit a single soft
When assessing December’s Home Equity Conversion Mortgage (HECM) volume data for December 2023, Reverse Market Insight (RMI) used a choice word as the title for its commentary: “thud.” Amid an already challenging operating environment observed throughout 2023, both HECM endorsement volume and HECM-backed Securities (HMBS) issuance closed out the year
Title insurance giant First American Financial reported progress on restoring its systems from a pre-Christmas cybersecurity incident. First American has fallen victim to data theft after a perpetrator exfiltrated data and encrypted data on certain non-production systems in late December. “First American’s network, including our employee email system, has been
Detroit-based Rocket Companies, parent of Rocket Mortgage, has named Jonathan Mildenhall to its newly created chief marketing officer position, responsible for the marketing and communications teams for all the company’s brands. Mildenhall will create and unify a “compelling voice for all businesses under the Rocket Companies umbrella,” the company said in a