Multifamily property owners who are struggling to make mortgage payments due to the COVID-19 pandemic now will have access to forbearance programs indefinitely in the case of loans backed by Fannie Mae and Freddie Mac, the Federal Housing Finance Agency (FHFA) announced today. Forbearance options … Continue readingFHFA extends multifamily forbearance indefinitely
The National Association of Realtors (NAR) announced the launch of the Residential Real Estate Council’s (RCC) Broker Solutions, a new resource available to its over 1.5 million members nationwide through the Realtor Benefits Program, on Tuesday. The program was developed in response to the NAR’s … Continue readingNAR launches new benefits program
Each year, HousingWire selects 50 of the most impactful and innovative technology leaders serving the housing economy. For the third year in a row, the Tech Trendsetters award program recognizes the people who drive innovation for their mortgage and real estate clients. Honorees include product … Continue reading2021 Tech Trendsetters nominations are closing soon!
Ocrolus, a New York-based startup offering document processing automation for fintechs and banks, announced raising a $80 million Series C led by Fin VC, according to a press release. The company says it will use the funding to “aggressively” build new products for mortgage lending … Continue readingFinancial document automation platform Ocrolus raises $80M
Knowing where borrowers are at in their home-buying journey is key to any successful lending strategy, but it’s often overlooked in the busy operations of an origination shop. That’s why HousingWire invited Alex Kutsishin, CEO and co-founder of Sales Boomerang, to HW Annual Sept. 28 to … Continue readingAlex Kutsishin to speak at HW Annual Sept. 27-28
Lisa Dunn, partner/owner at LAUREL Real Estate Resources Continuing our new HW+ member spotlight series, we’re featuring Lisa Dunn, partner/owner at LAUREL Real Estate Resources. She specializes in residential real estate throughout Orange County, California, and is currently celebrating over 25 years as a top producing … Continue readingHW+ Member Spotlight: Lisa Dunn
A former executive at loanDepot dropped a bombshell on the mortgage industry late Wednesday, alleging in a lawsuit that the California-based nonbank lender, in a ploy to drum up money during the refi boom and in preparation for its initial public offering, closed thousands of … Continue readingEx-loanDepot COO: Tony Hsieh cut corners to boost volume
The nation’s third largest MLS, with over 70,000 agents in Florida and Puerto Rico, Stellar MLS announced Tuesday that it is partnering with Remine and MoxiWorks to launch a new platform for real estate professionals. Stellar MLS currently offers members a suite of over 24 … Continue readingStellar MLS to launch new agent platform
Appraisal management company Clear Capital is looking to beef up tech tools for its network of appraisers, and it is doing so through an acquisition. The Reno, Nevada-based company just closed on the acquisition of Finnish proptech startup CubiCasa this week. The two are well … Continue readingClear Capital acquires Finnish digital floor plan firm
Appraisers have experienced many challenges in the last couple of years. From juggling high volume demand for appraisals in the middle of a pandemic, appraisers had to radically change their processes. Most took these challenges in stride and adopted innovative strategies to keep everyone safe … Continue readingAre remote appraisals here to stay?