More fintech M&A: SimpleNexus acquires LBA Ware
More fintech M&A: SimpleNexus acquires LBA Ware Homeownership platform provider SimpleNexus acquired LBA Ware, a software firm that offers incentive compensation management and business intelligence software for the mortgage industry, the companies announced Friday. The acquisition is a firs
There’s no sign of the typical fall slowdown in home buying
There’s no sign of the typical fall slowdown in home buying One-third of homes that went under contract had an accepted offer within one week of hitting the market, a new report from Redfin found. This is up from 30% during the same period a year prior and 2.2 points from a month earlier. The
Are you ready for the new CFPB director?
Are you ready for the new CFPB director? Over the last month, two of the biggest housing regulators either changed or were rumored to change leadership. In mid-September, there were talks that the Biden administration would nominate Mike Calhoun, president of the Center for Responsible Lending,
Which of the competing housing bills will make the cut?
Which of the competing housing bills will make the cut? Recently, Politico ran a story titled, “Democrats Clash Over Aid To First Time Homebuyers,” which laid out the debate over three competing bills with support from various Democrats in both the House and the Senate. The real question is, gi
Roostify launches first of many AI-powered APIs on home lending platform
Roostify launches first of many AI-powered APIs on home lending platform Image courtesy of Roostify Home lending proptech Roostify is releasing the “first of many” APIs on its existing lending platform built to automate document validation and data extraction in the lending process.
Altisource accepts cryptocurrency through Premium Title
Altisource accepts cryptocurrency through Premium Title Altisource Portfolio Solutions S.A. teamed up with ForumPay, a cryptocurrency payment and conversion service, to allow customers to buy real estate listed on equator.com and hubzu.com with cryptocurrency. Buyers who select Altisource
RedfinNow launches in North Carolina
RedfinNow launches in North Carolina RedfinNow has expanded into North Carolina, launching in the Charlotte and Raleigh metro areas. So far this year, RedfinNow has expanded to 11 markets and is serving homeowners in 29 markets in 14 states and the District of Columbia. Read on for more.
Fitch upgrades Fidelity’s outlook to positive
Fitch upgrades Fidelity’s outlook to positive Fitch Ratings affirmed Fidelity National Financial’s (FNF) long-term issuer default rating of ‘BBB+’, senior unsecured rating at ‘BBB’ and insurer financial strength rating at ‘A’ (Strong). The rating outlook for FNF and title insurance
Title direct premium growth more than doubles
Title direct premium growth more than doubles The title insurance industry saw direct premium growth of 16 percent in 2020, the largest year-over-year increase since 2012, according to a new AM Best report. The growth in direct premiums written more than doubled the 6.6 percent growth see
Doma names Pennsylvania agency manager
Doma names Pennsylvania agency manager Doma (formerly known as North American Title Insurance Co.) added an agency manager for Pennsylvania. The licensed title agent in Pennsylvania and New Jersey supports Doma policy-issuing independent title agents and secures new business. Read on for more. &nbs