One-stop-shop trend continues with Propertybaseâs Unify buy
The acquisition of the mortgage fintech aligns with growing customer expectations surrounding a fully digital homebuying experience.
The acquisition of the mortgage fintech aligns with growing customer expectations surrounding a fully digital homebuying experience.
Acquisition talks began in the fourth quarter, not long after Western Alliance bought non-QM aggregator Galton Funding and AmeriHome’s IPO was delayed.
The post Western Alliance to acquire AmeriHome for $1B appeared first on HousingWire.
Bill Tessar (pictured) is coming off the back of an amicable acquisition. The president of private lending firm Civic Financial Services (CIVIC) told MPA that his company’s recent acquisition by PacWest Bancorp from parent company Wedgewood was a “perfect scenario” for every party involved. CIVIC got access to extremely cheap capital, Wedgewood got a big … [Read more…]
Fannie Mae and Freddie Mac have released their financial results for 2020. Record-low rates and rising home prices came as a boon to the firms, offsetting losses caused by the pandemic. Fannie’s annual results Fannie Mae reported today an annual net income of $11.8 billion, down by $2.4 billion in 2019. Fannie attributed the decrease … [Read more…]
Posted To: Pipeline Press
Here we are in the seemingly 58 th week of 2020. What’s new? The podcast of today’s commentary features thoughts from the Millennial host on how lenders can address that market, and it can be heard via Apple , Spotify , or Google : subscribe and download. In terms of news, the FHFA extended forbearance protection past March. (More below on that.) And rating agency Moody’s view is that the CFPB’s recent changes to the QM rules would “allow lenders to qualify more types of loans as QM, resulting in a non-QM market with loans of lower credit quality, since most of today’s higher-quality non-QM loans would qualify as QM under the new rules, making future non-QM more synonymous with non-prime… the rule, if implemented could incentivize some lenders to price riskier loans…(read more)
SitusAMC is gobbling up companies. The mortgage tech and service provider announced the acquisition of two companies in January of 2021 alone. Those acquisitions, of mortgage tech firm ReadyPrice and mortgage and title knowledge provider Assimilate Solutions LLC., can be seen in the wider context of a mortgage industry that’s at the beginning of a … [Read more…]
Zillow reported $789 million in total revenue in 2020 – up 22% from 2019 – and 9.6 billion visits to its apps and website.
The post Zillow revenue grows 22% in 2020 appeared first on HousingWire.
[Note from editor: The âMastermind Showcaseâ highlights companies and news from members of the GEM. Todayâs showcase: Sapphire Ventures.] Sapphire Ventures is a venture capital firm with more than $5.7 billion under management across over 10 countries. They invest in growth stage companies, leading financing rounds…
The post A VC Firm uniquely positioned for global elevation appeared first on GeekEstate Blog.
Commercial real estate firm CIM Group has continued to grow its CRE lending portfolio despite market uncertainty caused by the coronavirus pandemic. The company, which focuses on community real estate, said it originated roughly $2.2 billion of CRE loans last year through its CIM Real Estate Credit Strategies business. CIM Group’s credit platform provides loans … [Read more…]
Reali Loans Named A Top Mortgage Lender for 2021 by Forbes Advisor PRNewswire