Lending

Flyhomes secures $150 million series C funding plan, will expand Boston operations
Flyhomes secures $150 million series C funding plan, will expand Boston operations

The startup that allows buyers to make cash offers on homes while trying to secure a mortgage is expanding to new markets while growing existing ones.

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 for a property 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 dip as rates increase in latest MBA survey
Mortgage applications dip as rates increase in latest MBA survey

“This is a sign that the competitive purchase market, driven by low housing inventory and high demand, is pushing prices higher and weighing down on activity.” — Mortgage Bankers Association Associate Vice President of Economic and Industry Forecasting Joel Kan

Guaranteed Rate’s Shant Banosian: ‘It’s getting easier to get a mortgage.’
Guaranteed Rate’s Shant Banosian: ‘It’s getting easier to get a mortgage.’

The pandemic caused the mortgage market to tighten up, but as the economic recovery gains an increasingly solid foothold, lenders are starting to return to pre-pandemic practices.

Mortgage rates jump for a sixth straight week
Mortgage rates jump for a sixth straight week

U.S. mortgage rates have increased for six straight weeks, a sign the historic low for mortgage rates is becoming a thing of the past.

Guaranteed Rate launches tech company
Guaranteed Rate launches tech company

The new technology streamlines workflow in the mortgage industry.

Boston mortgage delinquency rates on the rise
Boston mortgage delinquency rates on the rise

“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.

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

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

Renovo Financial locates new office in Massachusetts
Renovo Financial locates new office in Massachusetts

“In the last five months we have expanded into the fast-growing real estate markets of Texas and now Massachusetts.” — Renovo CEO Kevin Werner

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