California real estate startup Reali is shutting down, with plans to lay off most of its employees on Sept. 9. The firm is the latest to fall victim to rising mortgage rates and a drop in home sales. The San Mateo, California startup cited “the challenging real estate and financial
Polly, a software-as-service mortgage technology firm that operates a loan-trading platform, extended its Application Programming Interface (API) portfolio to better accommodate lenders amid a contracting mortgage environment. As part of the fintech’s long-term strategy to focus on “providing innovation for lenders,” San Francisco-based Polly said it enhanced its existing APIs,
The mortgage industry is changing rapidly and originators are focused on adapting to a shifting market in order to stay competitive. HousingWire recently spoke with Lee Smith and John Gibson at Flagstar Bank about what originators can do to align their mortgage products and services with the ebb and flow
Amid a shrinking mortgage market and delays in its plan to go public, digital mortgage lender Better.com made another round of layoffs on Friday. That’s the fourth workforce reduction since December 2021, when the company’s Chief Executive Officer Vishal Garg gained infamy for laying off 900 employees in a Zoom meeting. On March
Restoring price stability will cause some pain now, but will forestall the greater pain of higher inflation, Federal Reserve Chairman Jerome Powell said in a speech on Friday. Powell, speaking at an economic policy symposium in Jackson Hole, Wyoming, made it clear that the Federal Open Market Committee (FOMC) would
This week’s HW+ member spotlight features Neena Vlamis, CEO, President and founder of A and N Mortgage, which is headquartered in Chicago. HousingWire: What is your current favorite HW+ article and why? Neena Vlamis: HousingWire, I love the staff! Until I was recently asked to be on a webinar, I did not have my eyes wide
With recent developments from Fannie Mae and Freddie Mac to pursue a more digital appraisal process that could both speed up the process and remove any unconscious bias from it, it is important for industry professionals across the space to stay at the top of their game. That is why
With 2022 more than halfway behind us, economic indicators continue to forecast minimal refinance volume while purchase volume faces its own headwinds. Between lack of inventory, record high prices, rising interest rates and significant affordability issues, challenges for the purchase and refi markets are leading to a time of opportunity
Title insurance underwriter First American has launched a new digital platform for title agents, according to an announcement on Thursday. The company says that the new platform, known as PRISM, combines automation and marketing tools, allowing First American policy-issuing title agents to offer products and services directly to their customers
Homepoint is in a tough spot. Like its peers, the wholesale lender’s origination volume has plunged over the past year due to a dearth of refinancings and a sluggish purchase market. But there’s another threat that Homepoint executives must worry about – United Wholesale Mortgage (UWM), the top dog in wholesale,
Mortgage tech firm Blend launched a software solution for home equity products amid a mad dash from lenders into the space. Instant Home Equity, an automated end-to-end digital home equity product for lenders, integrates income, identity verification, title, decision and property appraisal to save time and costs, Blend said in
Real estate and mortgage professionals are lamenting the slowdown in the housing market caused largely by inflation and economic uncertainty. But there is one benefit – some buyers are catching a (relative) break. The national median monthly payment applied for by mortgage applicants dropped $49 to $1,844 in July, marking improved
Meridian Listing Agent Kevin Harper Says Idaho Real Estate Market Stronger Than Many Expected
Lake & Town Realty Partners With Real Estate Portal Lakefront Living Realty LLC
Reseller Hosting Provider Launches White Label Webhosting Education Campaign For Freelancers
Ohio Investment Real Estate Broker Launches New Property Search Website
Zillow News Truth Delta: Opinion & Editorial