I have been part of the mortgage banking industry since 1983 — 39 years to date through different housing markets. And while my more recent roles were more senior in stature, my mind tends to […]
Source: Fox 31 News — Several U.S. cities where home prices skyrocketed due to an influx of new residents during the pandemic are now seeing prices drop quickly. Real estate experts at Redfin looked at year-over-year […]
Early this month, California fintech Achieve announced the closing of its first AAA-rated securitization backed by $175 million in home equity lines of credit. The securitization — which is the process of bundling mortgages into […]
Source: Yahoo! News — There’s a good chance that your home will be the biggest purchase you make in your lifetime, which is why you’ll likely need a mortgage loan when it comes time to […]
As the mortgage rate environment became increasingly volatile in August and early September, one in three title insurers reported order volume that was below or far below average. That’s according to PropLogix’s fifth annual “State […]
Source: Buy Side from WSJ — If you’re struggling to buy your first home, an FHA mortgage could save the day. These loans, backed by the federal government, are designed to help would-be home buyers […]
Brian Covey, a high-profile vice president at loanDepot, is leaving the company after five years to join Revolution Mortgage, another direct-to-consumer retail mortgage lender which was founded in 2018. Covey, who announced the change Monday […]
Source:The Motley Fool — The coming year could be ripe with real estate investment opportunities. 2022 wasn’t a fantastic year for investors across the board. The stock market fell 16% year over year, with several […]
Startup Pylon raised $8.5 million in its seed round to build a mortgage-as-a-service platform for fintechs, banks and retail banks. Conversion Capital led the funding with participation from Fifth Wall, Peter Thiel, QED Investors, Montage […]
Source: The Ascent — It’s been a wild couple of years for the housing market. For starters, home values have climbed since the buying boom that started not long after the COVID-19 pandemic hit the […]
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