Sunday, 08 December, 2019

Subscribe to Coester News:

Enter your email address:

Delivered by FeedBurner

Author: Housing Wire


Just in time for the holidays, Openly launched on Tuesday, equipped with $7.6 million from its seed round of funding. The tech-enabled home insurance provider likely has Gradient Ventures on its list of things to be thankful for, as Google’s AI-focused venture fund led the funding round.  According to Openly, the company aims to empower agents and simplify the home Read more…


Just over a year ago, mortgage rates nearly hit 5%, levels that hadn’t been seen since the early part of this decade. But as we get ready to move into a new decade, mortgage rates are more than a full percentage point lower than that, comfortably back in the 3-4% range. And according to a new forecast from Freddie Mac, Read more…


In a time where nearly everything can be done with a tap on your phone or a click of a mouse, more consumers still say they would still prefer their real estate closings to be done in person. In fact, 81% of consumers say they would still do a mortgage closing in-person versus digitally, a new survey from Solidifi said. Read more…


The Federal Reserve cut its benchmark rate by a quarter of a percentage on Wednesday in a bid to keep the decade-long U.S. economic expansion going while signaling it likely was done, for now. It was the Fed’s third consecutive quarter-point cut as the central bank tries to bolster the economy while preserving ammunition that would be needed if the Read more…


Mortgage Contracting Services, a national provider of mortgage-related services, is acquiring Miami-based M&M Mortgage Services, the company announced Tuesday.  Over the past few years, MCS, which provides property preservation services, inspections, REO property maintenance and valuations for the financial services industry, has made a series of acquisitions. In the spring of 2016, the company acquired EPIC Real Estate Solutions, which Read more…


The U.S. foreclosure rate fell to the lowest level in two decades in July as a strong labor market made it easier for Americans to pay their bills. The share of mortgages in foreclosure fell to 0.4%, compared with 0.5% a year earlier, CoreLogic said in a report on Tuesday. Other measures including the delinquency rate also fell. The share Read more…


Although the nation’s trade war is projected to weaken future economic growth, Freddie Mac’s September Forecast indicates the housing market is likely to maintain its strength well into the fall. “Despite fears of an economic slowdown, the housing market continues to be a bright spot in the economy,” said Sam Khater, Freddie Mac’s chief economist. “While mortgage rates have ticked up in Read more…


Using valued resources wisely is paramount to success in the current mortgage environment. Leveraging robotic process automation (RPA) and artificial intelligence (AI) means lenders and servicers can automate manual, repetitive tasks and use the expertise of mortgage professionals where it will make the most difference. LoanComplete by Fiserv uses RPA and AI to solve one of the most common problems Read more…


Plaid, a technology platform that connects various applications with users’ bank accounts and has a growing presence in the mortgage space, raised $250 million last December in its Series C funding round that pegged the company with a reported valuation of $2.65 billion. Noted venture capitalist Mary Meeker led the funding round, with participation from Andreessen Horowitz, Index Ventures, Norwest Venture Partners, and Coatue Read more…


Mid America Mortgage will soon be offering Home Equity Conversion Mortgage (HECM) and private reverse mortgage products. However, rather than developing an in-house solution, Mid America Mortgage is partnering with ReverseVision, the two companies announced recently.  “Mid America has always sought opportunities to establish itself in underserved areas of the market, and reverse mortgages are a prime example,” said Mid America Read more…


Buckle your seatbelts, California. You may be in for another showdown with the Trump administration. You too, New York and Oregon. When Treasury released its housing finance reform plan a week ago, there was one proposal buried in the middle that didn’t get much attention: curbing Fannie Mae and Freddie Mac multifamily lending in areas that adopt rent control. It Read more…


Public school teachers and faculty in the Portland may be eligible to have half of the down payment on a home paid for them, thanks to the recent partnership of Landed and Multnomah County.  Landed, a homeownership investment startup, first launched in 2015 with the goal of helping educators afford homes in the communities in which they work. With backing from Read more…