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Homeward Raises $450 Million to Expand Cash-Offer and Bridge Financing Nationwide

Homeward Raises $450 Million to Expand Cash-Offer and Bridge Financing Nationwide

by John G. Stevens | Oct 1, 2026 | Mortgage Information, News, Tech Trends

Homeward has raised $120 million in Series D equity and secured another $330 million in asset-backed debt facilities, giving the Austin-based real estate finance company $450 million in new capital to expand cash-offer and bridge-financing products.Homeward announced...
Fathom’s $53 Million Merger Could Be Replaced by a $130 Million Digital-Asset Deal

Fathom’s $53 Million Merger Could Be Replaced by a $130 Million Digital-Asset Deal

by John G. Stevens | Oct 1, 2026 | Mortgage Information, News, Real Estate News

Fathom Holdings and Neighborhood Intelligence are trying to replace the $53 million merger they announced in June with a very different transaction — one that would put at least $130 million of Neighborhood’s digital assets inside Fathom and leave Neighborhood as...
Freddie Mac Mortgage Rate Jumps to 7.28%, Highest in Nearly Three Years

Freddie Mac Mortgage Rate Jumps to 7.28%, Highest in Nearly Three Years

by John G. Stevens | Oct 1, 2026 | Current News & Events, Mortgage Information, U.S. Housing Market

Mortgage rates surged again this week, with Freddie Mac’s benchmark 30-year fixed rate climbing 25 basis points to 7.28%, its highest reading in nearly three years. The 30-year fixed-rate mortgage averaged 7.28% as of Oct. 1, up from 7.03% a week earlier, according to...
Federal Judge Preserves $56.1 Million in HUD Housing Counseling Funds as Legal Fight Proceeds

Federal Judge Preserves $56.1 Million in HUD Housing Counseling Funds as Legal Fight Proceeds

by John G. Stevens | Oct 1, 2026 | Current News & Events, Industry Updates, Mortgage Information

A federal judge has temporarily prevented nearly $56 million in federal housing counseling money from expiring while a group of nonprofit organizations challenges the Trump administration’s effort to cancel the funds. U.S. District Judge Jia Cobb issued the order late...
FHFA Cuts Inspector General Budget to $20 Million as Watchdog Warns of Deep Staff Reductions

FHFA Cuts Inspector General Budget to $20 Million as Watchdog Warns of Deep Staff Reductions

by John G. Stevens | Oct 1, 2026 | Current News & Events, Industry Updates, Mortgage Information

The Federal Housing Finance Agency has cut the annual budget of its independent inspector general to $20 million, a 64% reduction from the level the White House submitted to Congress, prompting the watchdog to warn lawmakers that it may have to eliminate 70% to 80% of...
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