Matt Carter

As rising interest rates take a toll on mortgage lenders’ refinancing business, home finance platform Lower is partnering with Orchard to help first-time homebuyers and existing homeowners make cash offers on their next home. In addition to getting into the Power Buyer business, Columbus, Ohio-based Lower will also target homebuyers through a strategic partnership with

Title and escrow software-as-a-service provider’s tech platform, Flueid Decision, can now detect solar panels and liens. Title and escrow software-as-a-service provider Flueid is expanding its patented technology platform, Flueid Decision, to handle purchase and home equity transactions. Launched in 2020, the Flueid Decision platform has a proven track record helping clients centralize and automate title

After the biggest surge in mortgage rates in 40 years, houses are now less affordable than they were at the peak of the 2006 housing bubble, which is likely to dent home sales and cool the pace of homebuilding this year, Fannie Mae economists said Thursday. In their latest economic and housing outlook, Fannie Mae

Electronic document recording providers Simplifile, ePN and CSC grow their networks even as business slows. They may be getting less business than they did at this time last year, but a growing number of county recorder’s offices are going paperless. Simplifile — which claims to offer the world’s largest and fastest growing electronic document recording

Economic uncertainty and stock market volatility may have helped drive 12 percent decline in purchase mortgage applications. Homebuyer demand for purchase loans slipped last week for the first time in three weeks, even as mortgage rates backed down from 2022 highs, according to a weekly survey of lenders by the Mortgage Bankers Association. Joel Kan

Fintech focused on purchase mortgages planning to add more markets and new mortgage products later this year. Tomo, the mortgage fintech launched last year with a focus on homebuyers, is now doing business in more than a third of U.S. markets with the addition of Georgia and North Carolina, it says. Greg Schwartz Founded in

After piloting cash-offer product in Texas and Colorado, company plans to offer Buy With Orchard in all of its markets in the months ahead. Power Buyer Orchard is expanding its offerings to help first-time homebuyers make cash-backed offers, with Orchard acting at the buyer’s agent and splitting the commission paid by sellers to the listing

Guild’s CashPass program is available for primary residences, second homes or investment properties, with down payments depending on occupancy. Guild Mortgage is the latest traditional home loan provider to get into the cash offer business, with a new program that’s aimed at helping homebuyers in 11 states compete with investors and other buyers paying cash

The ability to retrieve quotes from private mortgage insurers helps borrowers assess their options and streamlines the mortgage insurance process for lenders. Polly, a technology provider for mortgage capital markets, can now retrieve quotes from the nation’s six biggest private mortgage insurers, helping borrowers assess their options and streamlining the mortgage insurance process for lenders.

While an abrupt shift in policy isn’t expected, Fed Chair Jerome Powell affirms that, “If things come in better than we expect, then we’re prepared to do less” tightening. Stock market turmoil and continued economic uncertainty had emotions running high this week — so high that Redfin Chief Economist Daryl Fairweather managed to stir up