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Rate FOMO may trigger home shoppers to buy

The near certainty that interest rates, combined with increased home buying power, will likely to send more buyers into the market, according to First American. “The fear of missing out, or 'FOMO,' on low rates and the potential...

Serious delinquencies reach 2X pre-pandemic rates

The national delinquency rate was at 3.38% at the end of 2021. That’s just 0.1% above February 2020’s near-record-low of 3.28%, according to Black Knight’s December 2021 month-end mortgage performance…

KKR acquires Merchants Mortgage Trust

KKR, a global investment firm, has acquired Merchants Mortgage Trust & Corporation, LLC, a real estate lending platform specializing in short-term mortgage products for experienced individual residential…

Better’s Garg returns as CEO

The latest report from Fannie Mae’s Economic and Strategic Research (ESR) Group suggests that 2022 will see the unprecedented market disturbances and policy responses stemming from the COVID-19 pandemic subside…

Inventory down 40% from pre-COVID levels

After slipping in November, home inventory plunged in December, dropping 11.1% in a month to a new record low of about 923,000 homes. Buyers shopping in December had 19.5% fewer homes to choose from than…

2022 market starts off hotter than 2021

New listings fell 12% year over year, sending the total number of homes for sale down 29% to a new all-time low during the four weeks ending January 16, according to a new report from Redfin… 

Fannie Mae predicts a “new normal” for 2022

The latest report from Fannie Mae’s Economic and Strategic Research (ESR) Group suggests that 2022 will see the unprecedented market disturbances and policy responses stemming from the COVID-19 pandemic subside…

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#MortgageTechBits

Capacity closes $38M total in Series C funding

Capacity, an AI-powered support automation platform, has closed an additional $27 million in Series C financing, closing out the round at more than $38 million. These funds will be allocated to support new team members, enhance product capabilities and optimize...

Milo launches crypto mortgage

Milo, a tech-centric direct mortgage lender, has announced it will unveil a new crypto mortgage designed to make it easy for crypto investors to utilize their digital assets to purchase U.S. real estate. Milo's clients will be able to pledge their Bitcoin to purchase...

Colorado HFA integrates with ICE

Colorado Housing and Finance Authority (CHFA) has integrated Encompass Investor Connect and AIQ into its technology, which it says will enable faster and easier loan delivery and funding.  Encompass is a product of ICE Mortgage Technology, part of...

Staircase launches low-code marketplace

Staircase, an tech company serving the mortgage industry, has launched a low-code marketplace for mortgage lenders.  The first template available in Staircase's low-code marketplace is PreApproval which lenders can use to create a customized, white-labeled, web-...

Wolters Kluwer and Floify collaborate for eNotes

Wolters Kluwer Compliance Solutions and Floify, a point-of-sale solution in the mortgage industry and subsidiary of Porch Group, Inc., are collaborating to leverage the capabilities of Wolters Kluwer’s eOriginal product suite.  The two companies are integrating...

Aspire Home Loans chooses Empower and Surefire

Aspire Home Loans LLC, a Nashville-based independent mortgage banker, has signed a contract to implement the Black Knight Empower LOS and integrated origination performance solutions, including the Surefire customer relationship management (CRM) and marketing...

Trust Lending chooses ReverseVision

Trust Lending, a national mortgage banker, is now live with ReverseVision’s Exchange (RVX) platform for its wholesale lending channel.  The lender recently implemented ReverseVision’s Exchange loan origination system (LOS) to automate the reverse lending process....

Resource Financial partners with Ocrolus

Resource Financial Services, an independent mortgage banker serving the southeastern U.S., has formed a technology partnership with Ocrolus, an automation platform that analyzes financial documents.  The lender has integrated Ocrolus' Human-in-the-Loop (HITL)...

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