Author: Michael Gersitz

Federal Reserve officials expressed concerns at their last meeting about additional waves of COVID-19 infections worsening the recession and triggering a new spike in unemployment, according to minutes released Wednesday. At June’s rate-setting Federal Open Market Committee, conducted via videoconference,

Lenders are growing frustrated with digital Verification of Asset (VOA) services that don’t always work — and Athens, Georgia-based FormFree is listening. Now, the company is taking the data retrieval issues behind those frustrations head-on. “There are a couple of

Keller Williams announced on Wednesday its expansion into more international markets. As of May 30, the real estate brokerage said it has 107 market centers and 5,250 agents across Europe as well as 18 market centers and 1,135 agents across

The current COVID-19 situation seemingly has provided a sudden glimpse into a future world, one in which digital has become central to every interaction, forcing organizations to further up the adoption curve almost overnight.  Hassan RashidGuest Author The ‘6D’ chain

U.S. construction spending fell 2.1% in May, though the level of homebuilding was above the year-ago level, according to a government report on Wednesday. Combined homebuilding and nonresidential construction outlays totaled $1.36 trillion at a seasonally adjusted annualized rate, down

Mortgage applications fell 1.8% last week despite mortgage rates staying low, according to a report by the Mortgage Bankers Association. A seasonally adjusted index measuring purchase applications also fell 1% – marking its second week of decline after a two-month

Sundae, a residential real estate marketplace that pairs sellers of distressed property with potential buyers, has raised $16.55 million in Series A funding. QED Investors led the round, which also included participation from PayPal co-founder Peter Thiel’s Founders Fund, Susa

Freddie Mac Multifamily announced Monday that it has created three additional forbearance options to assist multifamily borrowers who have been impacted by COVID-19. Those options also extend tenant protections. The options include delaying the start of the repayment period following

On Monday, Cloudvirga announced its integration with Citizens Bank’s wholesale channel, Franklin American Mortgage Company, to combine its digital mortgage processes with point of sale software and cloud-based technology. Franklin American Mortgage Company is the nation’s largest bank-owned wholesale lender.

In April, apartment retention broke records as renters had to stay put due to the pandemic. Come May, apartment operators across the country began to drop rent. Now, in the week ending June 20, executed rents – a real-time indicator

The forbearance share of mortgages backed by Fannie Mae and Freddie Mac dropped for the third straight week, while Ginnie Mae loans were unchanged, the Mortgage Bankers Association said in a report on Monday. Mortgages backed by the so-called government-sponsored

Lenders cited the health and safety of staff as the biggest challenge they are facing in the midst of COVID-19, according to a recent survey conducted by Fannie Mae. Clarity regarding updates to loan eligibility and navigating supply chain disruptions

The demand for homes continues to rise and with low inventory, home prices are responding to the pressure. Between the date in March that the World Health Organization declared a pandemic and the week ending May 31, Redfin found that

Modern lenders need reliable tools with robust analytics to assess and mitigate risk and enhance loan quality. In addition to traditional fraud risks, COVID-19 and its complications create new opportunities for “bad actors.” Employment and income verification and property valuation

As an innovator and entrepreneur, Alex Kutsishin consulted for one of the mortgage industry’s best marketing companies, which is where he got the idea for his new venture – Sales Boomerang, the first fully automated Borrower Intelligence software that tells

Think you know how your customers feel when they work with you? Well, Total Expert gives the inside scoop on how customer interactions are actually happening, as their secret shoppers share their takeaways after they went undercover to complete mortgage