Elephant in the room image via Shutterstock. Zillow/Trulia merger is about home loans, not homes

Zillow/Trulia merger is about home loans, not homes

In the articles I've read dissecting the events of the last few days, I've been surprised to find virtually no reference to what I believe is a key part of the value proposition of a combined Zillow and Trulia: the monetization of products and servic...
By Vincent Turner | Thursday, July 31, 2014
Shopping for mortgages image via Shutterstock. Ellie Mae's self-service mortgage platform targets 'tech-savvy' borrowers

Ellie Mae's self-service mortgage platform targets 'tech-savvy' borrowers

Ellie Mae is now offering mortgage lenders a consumer direct solution for its Encompass mortgage management platform that can guide homebuyers through a step-by-step application process in less than 15 minutes, giving borrowers greater control and in...
By Inman News | Thursday, July 24, 2014
Mortgage image via Shutterstock. Demand for purchase mortgages still lagging

Demand for purchase mortgages still lagging

Appetite for purchase mortgages stayed flat last week, clocking in well below the same week a year ago as costlier mortgage insurance and tight credit continued to hamper demand. Applications for purchase loans increased a seasonally adjusted 0.3 per...
By Teke Wiggin | Wednesday, July 23, 2014
Business coach image via Shutterstock. Guaranteed Rate revamps agent coaching site

Guaranteed Rate revamps agent coaching site

Retail mortgage lender Guaranteed Rate has launched a new version of Partner Xchange, a coaching site for real estate professionals, that includes insights and expertise from more than 50 of the nation’s top real estate agents. Partner Xchange ...
By Inman News | Tuesday, July 22, 2014
Short sale image via Shutterstock. Short-sale negotiator prison-bound in 'property flopping' scheme

Short-sale negotiator prison-bound in 'property flopping' scheme

A former Bank of America short-sale negotiator has been sentenced to 30 months in prison and ordered to pay $5.7 million in restitution for his role in a fraud scheme in which prosecutors said he accepted bribes to sign off ......
By Inman News | Tuesday, July 22, 2014
IFM INVESTMENTS LIMITED LOGO Century 21 China Real Estate teams up with Lending Club of China

Century 21 China Real Estate teams up with Lending Club of China

Century 21 China Real Estate, the exclusive franchisor of the Century 21 brand in China, says it’s out to build its mortgage business under an agreement with the Lending Club of China that’s aimed at funneling cash from investors into ho...
By Inman News | Monday, July 21, 2014
Vault image via Shutterstock. 'Fire your loan officer' with Lenda's 'TurboTax for mortgage'

'Fire your loan officer' with Lenda's 'TurboTax for mortgage'

Real estate startup Lenda is launching a platform today that will allow borrowers to complete the home loan process online from start to finish without a loan officer as middleman.   Lenda’s platform lets borrowers receive rate quotes fro...
By Andrea V. Brambila | Tuesday, July 15, 2014
Vault image via Shutterstock. Risk-based standards for private mortgage insurers could restrict lending

Risk-based standards for private mortgage insurers could restrict lending

Fannie Mae and Freddie Mac’s federal regulator has proposed risk-based capital requirements for private mortgage insurers that homebuyers are required to use when making down payments of less than 20 percent on home purchases financed by mortga...
By Inman News | Friday, July 11, 2014
Difference of opinion image via Shutterstock. The Fed's consensus on its future intentions is SO reassuring (NOT!)

The Fed's consensus on its future intentions is SO reassuring (NOT!)

The big story of the week is the odd combination of saber-rattling by the Fed but falling long-term interest rates, mortgages just above 4 percent. First a rundown on other matters high in the news but ho-hummed in markets. Iraq ......
By Lou Barnes | Friday, July 11, 2014
House money image via Shutterstock. Demand for purchase mortgages off 10 percent from a year ago

Demand for purchase mortgages off 10 percent from a year ago

Demand for purchase mortgages climbed last week even as rates ticked up slightly and the nation geared up to celebrate Independence Day. While applications for purchase loans during the week ending July 4 were up a seasonally adjusted 4 percent ......
By Teke Wiggin | Wednesday, July 9, 2014
Screen shot of the new realtor.com-Bankrate mobile app. Realtor.com, Bankrate partner on mobile mortgage app

Realtor.com, Bankrate partner on mobile mortgage app

Realtor.com and personal finance site Bankrate Inc. have partnered to create a free iPhone and Android mobile app that helps homebuyers search for homes on realtor.com that fall within their target home price range and potential mortgage payment. The...
By Inman News | Tuesday, June 24, 2014
Dream homes image via Shutterstock. 9 out of 10 homebuyer assistance programs have funding

9 out of 10 homebuyer assistance programs have funding

An analysis of homebuyer assistance programs available through state and local housing finance agencies (HFAs) and nonprofit groups around the nation found that 90 percent are funded, and that 70 percent of homes for sale could be eligible for one ....
By Inman News | Friday, June 13, 2014
Appraiser image via Shutterstock. NAR calls for standards to judge quality of AMC appraisals

NAR calls for standards to judge quality of AMC appraisals

A proposed rule from the Consumer Financial Protection Bureau should require appraisal management companies to follow minimum standards when performing appraisal reviews, according to the National Association of Realtors. In a letter to five federal ...
By Inman News | Thursday, June 12, 2014
Mobile device image via Shutterstock. TRG's title insurance app helps agents work with buyers and sellers

TRG's title insurance app helps agents work with buyers and sellers

The latest version of a mobile app offered by Realogy’s title insurance and settlement services subsidiary, Title Resource Group, lets real estate agents generate closing cost estimates for multiple price scenarios they can save and share with ...
By Inman News | Tuesday, June 10, 2014
Closing image via Shutterstock. New tool instantly calculates how much sellers can expect to pocket at closing table

New tool instantly calculates how much sellers can expect to pocket at closing table

Closing cost data and technology firm ClosingCorp is piloting a tool designed to help real estate agents answer a pressing question for their home seller clients: how much they can expect to take home after closing. The San Diego-based firm ......
By Inman News | Monday, June 9, 2014
Source: Freddie Mac Rates on 30-year mortgages hover near 4 percent

Rates on 30-year mortgages hover near 4 percent

Rates on 30-year fixed-rate mortgages averaged 4.14 percent with an average 0.5 point for the week ending June 5, up from 4.12 percent last week and 3.91 percent a year ago, according to Freddie Mac’s latest Primary Mortgage Market Survey. ......
By Inman News | Thursday, June 5, 2014
Source: MBA Mortgage credit eases as investors loosen requirements for FHA loans

Mortgage credit eases as investors loosen requirements for FHA loans

Mortgage credit availability rose in May compared to the previous month as some investors lowered their credit score requirements for loans insured by the Federal Housing Administration, and financing for jumbo mortgages expanded slightly, the Mortga...
By Inman News | Thursday, June 5, 2014
Pre Approve Me screen shots Pre Approve Me puts agents, buyers and loan officers on the same page

Pre Approve Me puts agents, buyers and loan officers on the same page

Electronic mortgages have the potential to save homebuyers time, money and untold frustration dealing with stacks of bewildering paperwork — but for now they are the exception, not the norm. Real estate startup Pre Approve Me LLC hopes to relie...
By Andrea V. Brambila | Wednesday, June 4, 2014