5 tips for shepherding clients through mortgage challenges
Buyer demand is still robust, but affordability challenges can make it harder for clients to qualify for financing, Luke Babich writes. Here's how to help
by Luke Babich Feb 26
human hand shaking hand with robot hand to symbolize AI should not replace humans
Lender Spotlight AI Assistant sifts through the finer points of more than 7000 mortgage options to help mortgage brokers identify the right product and answer questions clients might have
by Matt Carter Oct 24
Zillow's still all-in when it comes to the mortgage business
While other companies are shedding their mortgage arms, Zillow's seeing potential and doubling down on Zillow Home Loans
by Mike DelPrete Sep 7
Nearly half of Better's mortgage business now comes from partners
Better's market share has shrunk by more than 70% in the last year as it focuses on making more profitable loans, with partners like Ally Bank and American Express generating 42% of business
by Matt Carter Aug 29
RE/MAX Holdings to lay off 7% of staff by end of September
The layoffs are part of a reorganization plan that will streamline operations and bring cost savings in the long term, the real estate franchisor said in Securities and Exchange Commission filings
by Lillian Dickerson Aug 23
How union strikes like the Writers Guild of America impact real estate
From negative effects on the supply chain to confidence in the market, major union strikes like the WGA walkout and others before it can have a palpable impact on the real estate industry
Fathom Realty parent company borrows $3.5M from existing investor
Fathom Holdings will pay at least 8% interest on a convertible note company executives say will provide more flexibility as they seek 'cash flow profitability' by Q3
by Matt Carter Apr 14
Rocket's new Visa rewards card targets first-time homebuyers
In addition to paying high rates on any balances they carry, customers will find that their rewards points are worth much less if they don't choose Rocket Mortgage to finance their home
by Matt Carter Mar 28
Fathom Realty still adding agents after raising transaction fees
In reporting a $9.9M Q4 loss Wednesday, Fathom executives reassured investors that they see a path to profitability without saying exactly when that might happen
by Matt Carter Mar 22
Monthly homebuyer payments just hit all-time high as spring arrives
The typical monthly payment rose to $2,563 this week despite home prices that were down 1%, according to data on Friday. That’s the highest monthly payment on record, up 29% from last year
by Taylor Anderson Mar 10
Better lets Amazon workers put up stock as mortgage collateral
Through Better's Equity Unlocker program, borrowers pay a higher interest rate and Better can seize pledged shares if owners default or try to sell their stock before paying off their mortgages
by Matt Carter Feb 28
Anywhere profitability dips in Q4 as executives brace for disruptive 2023
Revenue declined 33% in the fourth quarter of 2022 — and 13% year over year — as the franchisor dealt with double-digit declines in transaction and unit volume across every business segment
by Marian McPherson Feb 23
Keller Williams offloads mortgage division to Mutual of Omaha
Mutual of Omaha Mortgage has acquired Keller Mortgage for an undisclosed amount, according to an announcement on Monday. Keller Williams will retain an ownership stake in the company.
by Marian McPherson Feb 20
Mortgage lenders innovate to help homebuyers cope with higher rates
Rocket, Guild and UWM are among lenders providing homebuyers with options, such as temporary rate buydowns and reduced fees on refis if rates come down from 2022 peaks
by Matt Carter Dec 27
Home price declines leave 450,000 borrowers underwater
Six out of 10 borrowers who owe more on their mortgages than their homes are worth bought or refinanced their homes in 2022, according to the latest Black Knight Mortgage Monitor
by Matt Carter Dec 5