What's next after housing cools down? This economist has an idea
Mortgage rates are up, and demand for homes is edging down. Redfin Chief Economist Daryl Fairweather laid out a possible scenario of what the months ahead might look like at Connect
by Daniel Houston May 19
E-recording now an option for more than 9 in 10 Americans
Electronic document recording providers Simplifile, ePN, CSC, grow their networks even as business slows
by Matt Carter May 18
Competition declines for second straight month, report finds
Just 60.7% of home offers crafted by Redfin agents encountered competition in April — the lowest level since March 2021
by Ben Verde May 18
Compass approaching 'critical' cash burn: Mike DelPrete
Compass is not in immediate peril, but it is approaching a critical juncture where it will either need to raise more money or reduce expenses
by Mike DelPrete May 18
Homebuyer mortgage demand falls even as rates ease from 2022 highs
Economic uncertainty and stock market volatility may have helped drive 12% decline in prospective homebuyers’ purchase mortgage applications, delaying home searches
by Matt Carter May 18
Tomo provides mortgages in 9 states, adds Georgia, North Carolina
Fintech focused on purchase mortgages planning to add more markets and more mortgage products later this year, now doing business in more than 1/3 of U.S. markets
by Matt Carter May 17
Power Buyer Orchard now serving first-time homebuyers
After piloting cash-offer product in Texas and Colorado, company plans to offer Buy With Orchard in all of its markets in the months ahead
by Matt Carter May 17
Guild Mortgage rolls out cash offer program in 11 states, more to join
Guild's CashPass program is available for primary residences, second homes or investment properties, with down payments depending on occupancy
by Matt Carter May 16
Opendoor's growth has 'materially accelerated': DelPrete
2021 was a record year for Opendoor — and the latest data suggests that 2022 may turn out to be even bigger
by Mike DelPrete May 16
Polly integrated with all 6 primary mortgage insurers
Ability to retrieve quotes helps borrowers assess their options and streamlines the mortgage insurance process for lenders
by Matt Carter May 15
Redfin economist: The Fed can change its mind
Abrupt policy shift not expected, but Fed chair confirms that, 'If things come in better than we expect, then we’re prepared to do less'
by Matt Carter May 13
Blend Labs sees Q1 loss soar by 167% as rising rates curb refis
Blend's net loss for the quarter — up 167% from a year ago — came despite a 124% year-over-year increase in revenue, to $71.5M, according to an earnings call on Thursday
by Matt Carter May 13
As hate crimes rose, 70% of Asian buyers moved to safer areas in 2020
Discrimination, mortgage readiness and affordability continue to be significant hurdles for Asian American and Pacific Islander communities, according to new report released Wednesday
by Marian McPherson May 12
Homeowner equity increased 3% during Q1
Nearly 45% of homes in the country were considered equity rich, up from 41.9% in the fourth quarter. But the rising values are creating barriers for first-time buyers
by Ben Verde May 11
Digital title insurer Doma laying off 310 employees as refis plummet
Executives say layoffs will save the company about $30M a year and help it bring its technology to bear on purchase mortgages
by Matt Carter May 11
Homebuyers showing 'some resiliency' to higher rates
Demand for purchase mortgages increases for a second week in a row, but borrowers are increasingly turning to adjustable-rate loans
by Matt Carter May 11