Lending

Compass, Guaranteed Rate launch loan origination company OriginPoint
Compass, Guaranteed Rate launch loan origination company OriginPoint

Two of the largest leaders in the real estate market are joining forces to form a new mortgage origination company.

The trouble with appraisals: How the wild market is making it harder to get financing
The trouble with appraisals: How the wild market is making it harder to get financing

Homebuyers lucky enough to win a bidding war these days are increasingly running headlong into appraisals that don’t match — or even come close to — the agreed sales price, leaving them with limited ways to close the sale.

Mortgage applications drop 4% on higher rates in latest MBA survey
Mortgage applications drop 4% on higher rates in latest MBA survey

“Demand is robust throughout the country, but homebuyers continue to be held back by the lack of homes for sale and rapidly increasing home prices.” — MBA Associate Vice President of Economic and Industry Forecasting Joel Kan

Teala Smith, residential mortgage lender, Certainty Home Loans
Teala Smith, residential mortgage lender, Certainty Home Loans

“Don’t give up, no matter what!” — Teala Smith, residential mortgage lender, Certainty Home Loans

Guaranteed Rate launches tech company
Guaranteed Rate launches tech company

The new technology streamlines workflow in the mortgage industry.

Black Knight: Mortgage forbearances finish February with weekly increase
Black Knight: Mortgage forbearances finish February with weekly increase

The increase follows a decline earlier in February that cut the number of homeowners in forbearance plans to less than 2.7 million, the first dip below that threshold since April 2020.

Mortgage delinquency rates higher than 2019, but dropping
Mortgage delinquency rates higher than 2019, but dropping

“The consistent decline in serious delinquency since August is a sign of growing financial stability for families,” said Frank Martell, president and CEO of CoreLogic.

Vacation home sales skyrocketing
Vacation home sales skyrocketing

The trend of purchasing a second home has sent home prices in seasonal towns skyrocketing in value by 19% for the year ending December 2020.

Guaranteed Rate Super Bowl ad inspires positivity
Guaranteed Rate Super Bowl ad inspires positivity

The ad is part of their national brand campaign, Believe You Will, which encourages the power of positive thinking and believing you can accomplish your goals.

Loan limit boost of 7.4% good for Atlanta buyers
Loan limit boost of 7.4% good for Atlanta buyers

This means homebuyers will be able to borrow up to the new level without triggering higher interest rates.

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