Real estate technology company Lone Wolf Technologies announced its launch of Digital Title Orders, a digital title solution allowing agents to select their preferred title provider and submit orders directly within a transaction. Following a year where real estate and mortgage professionals had to adapt quickly to changing conditions, Lone
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For the past few years, low mortgage rates have fueled a housing market so hot that even a pandemic couldn’t derail purchase originations. Record-breaking lending volumes led many lenders to tighten up their processes across every stage of the mortgage cycle. Plaza Home Mortgage was no exception, as it sought
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With lumber prices and other building material costs still at record-high levels, homebuilder confidence fell two points in March, per the latest report from the National Association of Home Builders. That drop in builder confidence is in spite of sky-high buyer demand, which hasn’t waned despite rising home prices and
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Months after the departure of David Brickman, Freddie Mac has tapped Marc Grier to serve as CEO on an interim basis, the government sponsored entity said on Tuesday. Grieg will be intimately aware of the challenges he faces as interim CEO: he is currently a member of the board of
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TransUnion’s latest financial hardship study, performed between Feb. 26 and March 1, showed that 22% of consumers surveyed still feel they are in financial “limbo,” or feel like their income has decreased and are doubtful as to when their finances will recover. In the year since the COVID-19 pandemic hit
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Mortgage applications for new homes dropped 9% from January to February, but overall applications are still up 9.2% year-over-year for homebuilders, according to the latest report from the Mortgage Bankers Association. MBA’s homebuilder application survey showed new, single-family home sales running at a seasonally adjusted annual rate of 748,000 units
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What happens when borrowers can’t or won’t walk into a lending branch? HousingWire recently sat down with Insellerate CEO Josh Friend to discuss that very question and what strategies retail lenders should look to adopt from direct-to-consumer lending. HW: What are some strategies that retail lenders should look at adopting
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Brian Brooks, former acting head of the U.S. Office of the Comptroller of the Currency, has joined the board of Spring Labs, a startup tech provider for cryptocurrencies and blockchain. This is not the first dip Brooks has taken in the cryptocurrency pool, having been a founding adviser to Spring
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The industry is now less than two weeks away from the one-year anniversary of the CARES Act, which provided borrowers with federally backed mortgages the option to receive forbearance for up to 180 days. After many extensions and exits, the Mortgage Bankers Association estimates 2.6 million homeowners are still in some
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Digital lending software provider Blend announced on Monday that it is expanding its cloud-based platform with the acquisition of Title365 from the Mr. Cooper Group for approximately $422 million, reflecting an enterprise value of $500 million. Subject to closing conditions, Blend anticipates to finish the deal by the end of
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Before Thursday, March 4, John was an unabashed fan of United Wholesale Mortgage. His West Coast brokerage shop sent tens of millions of dollars in loans to the wholesale mortgage giant in recent years. He loved their turn times, found their pricing to be competitive, and had good things to
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A new Redfin report details how Americans – many of whom are people of color – living in formerly redlined neighborhoods are more likely to see their homes jeopardized by water damage. According to Redfin, $107 billion worth of homes are currently at high risk of flooding in parts of the country that
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