As copycat commission lawsuits spread across the country in the wake of the Sitzer/Burnett jury verdict, a new demographic of plaintiffs’ attorneys are getting in on the action: so-called “ambulance chasers.” While... Read more »
Stavvy, a fintech firm specializing in digital and remote collaboration for lending and real estate companies, acquired SigniaDocuments, a technology suite from Texas-based lender Evolve Mortgage Services. Terms of the deal were... Read more »
Troy, Michigan-based appraisal management company (AMC) Class Valuation announced on Wednesday that it has acquired fellow AMC Valuation Connect, formerly a subsidiary of mortgage technology company Mortgage Connect LP. Class Valuation acquired... Read more »
Plunk, an AI-powered home analytics platform, announced a proptech partnership with BHR, a housing data aggregator. Through this collaboration, BHR’s RealReports platform will integrate Plunk’s proprietary AI technology, making property data even more... Read more »
NeighborhoodScout.com’s research unveils the 100 most dangerous cities in America, focusing on those with populations of 25,000 or more. This analysis relies on the number of violent crimes per 1,000 residents, including... Read more »
Homebuyers are forking over larger down payments to offset higher borrowing costs thanks to mortgage rates hitting multi-decade highs. On average, homebuyers put down 14.7% of the home’s purchase price for a... Read more »
The Las Vegas housing market has been through ups and downs over the past few years, with the pandemic having a significant impact on the market. The market is facing a mix... Read more »
Michigan-based United Wholesale Mortgage (UWM) wants to court more brokers by offering no-cost appraisals on 1-0 temporary rate buydowns amid fierce competition in the industry. The wholesale lender will cover up to... Read more »
Will interest rates drop in 2024? The answer to this pivotal question holds significant implications for investors, homeowners, businesses, and the overall financial landscape. Before we can peer into the future, it’s essential... Read more »
Providence, Rhode Island-based Citizens Bank, the 28th largest U.S. mortgage lender, has decided to close its wholesale channel, which produced over $1 billion in volume in the first half of this year. “After... Read more »