Author: Michael Gersitz

Real estate services and technology firm SitusAMC just acquired the parent company of compliance technology provider ComplianceEase, the latest in a series of mergers and acquisitions that are shaking up the mortgage tech space in the last year. ComplianceEase will

Forbearance exits measuring how many borrowers cancelled agreements to suspend mortgage payments rose to a one-month high in September’s first week, led by a surge in loan modifications, according to a report from the Mortgage Bankers Association on Monday. Total

About a year ago, RE/MAX agent Ken Flaspohler took on what he said is the most exciting luxury listing he’s ever had. Hidden somewhere in rural Kansas and nestled 15 stories below the ground, the listing consists of condos constructed

Since the onset of COVID-19, the Twittersphere has been ripe with rumor and speculation that the financial requirements to qualify for a mortgage have become increasingly more rigorous since the crisis and this would put a damper on the housing

If former Vice President Joe Biden wins the White House, it will derail the Trump Administration’s plans to release Fannie Mae and Freddie Mac from conservatorship. What, then, would happen to the world’s two largest mortgage financiers? Most likely, it

HousingStack is a real estate technology landscape that provides a dynamic visual that reflects the rapid changes in the sector. The HousingStack is exclusively for HW+ members. To join the HW+ community, go here. I’ve been asked to put together some recommendations on what

Real estate agent safety has been a concern for years, as the job requires showing empty homes or homes occupied by others, and meeting new people, often alone. As September is Realtor Safety Month, the National Association of Realtors has

Mortgage platform SimpleNexus has tapped Cathleen Schreiner Gates to become its next company president. Schreiner Gates, a technology veteran with more than three decades of experience, joined SimpleNexus’ board of directors in April 2020. Between 2015 and 2019, she served

There are 3.7 million U.S. homeowners with mortgages in forbearance this week, down 22% from May’s peak of 4.7 million, Black Knight said in a report on Friday. The total weekly drop was 66,000 loans, a slower pace than the

Exactly one week after Ellie Mae was officially acquired by Intercontinental Exchange, Ellie Mae president and CEO Jonathan Corr announced his retirement on Friday, and announced that the company’s chief operating officer, Joe Tyrrell, would succeed him as president of

Mortgage credit in August was the tightest in more than six years as a weak economy prompted lenders to tighten standards, the Mortgage Bankers Association said in a report on Thursday. The group’s Mortgage Credit Availability Index fell 4.7% to

Opendoor, the largest instant home buying platform in the country, could debut on the public market at a $5 billion valuation, according to a new report. Chamath Palihapitiya’s Social Capital is in talks to use one of his blank-check companies,

The second quarter was a tough one on iBuyers, as only 0.1% of the homes sold across 418 metros — only 880 homes total — were purchased by top iBuyers Redfin, Zillow, Opendoor and Offerpad, according to a report by

Even with refinancings driving a record $1.1 trillion in originations in the second quarter and testing the limits of lenders’ capacity, LOs, mortgage executives and economists say all the conditions are right for a string of even bigger quarters.  According

Zillow and Redfin are among the companies that are signing on to The Board Challenge, a pledge to add a Black member to their board of directors within one year. Rolled out this week, the Board Challenge is part of

As the mortgage industry continues to navigate record-low interest rates in the midst of a pandemic, many companies are seeing tech opportunities, and rising up to modernize outdated processes in order to keep up with demand. “For [mortgage servicers and