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Industry News
Coming Up:
Milo Receives More Investor Funding & Begins Processing Crypto Mortgage Applications
Milo announced a $17 million Series A funding round led by California-based venture capital firm M13 with participation from QED Investors and MetaProp.
Better.com Muffs Another Layoff
Digital mortgage lender accidentally paid some employees severance before official announcement.
Nearly 6,000 U.S. Homes Sold For At Least $100,000 Above Asking Price This Year
Buyers were rushing to close sales before mortgage rates increased.
GO Companies Launches 'One-Stop Shop' for Homebuyers
New company acquires GO Mortgage, buys stakes in real estate brokerage and title company
Union Home Mortgage Promotes 3
Moves designed to strengthen leadership team.
Retired CEO Appointed to PennyMac Mortgage Investment Trust's Board of Trustees
Catherine A. Lynch was the chief executive officer of the National Railroad Retirement Investment Trust
Sprout Mortgage Promotes 2 To Senior Sales Positions
Dean Ayres has been promoted to western regional vice president and Scott Wood has been named western regional manager.
loanDepot Names New EVP Of Marketing & Analytics
Ten-year company veteran takes on role of executive vice president of marketing and analytics
Finance of America Posts Nearly $1.4B Loss Due To Accounting Change
A 53% increase in Specialty Finance and Services (SF&S) segments revenue almost entirely offset the decline in mortgage revenue similarly experienced by the broader market.
Class Valuation Removes Appraiser Trainee Roadblocks With The Pod Program
This approach is designed to help grow the appraiser network more rapidly and prevent capacity challenges like those that occurred in 2021.