Better Home & Finance Holding Co. (NASDAQ: BETR) has partnered with Coinbase (NASDAQ: COIN) to announce the funding of the first Fannie Mae-approved mortgage backed by Bitcoin. The companies announced the loan was transacted in Ann Arbor, Michigan, by a married...
Mortgage application activity slowed again for the week ending May 29, according to data from the Mortgage Bankers Association (MBA). This week’s results include an adjustment for the Memorial Day holiday. The Market Composite Index, the MBA’s measure of mortgage loan...
Brandon “Dutch” Mendenhall, the co-founder of RAD Diversified REIT, has been indicted on one count of mail fraud for allegedly submitting false information during the purchase of his $1.6 million house. According to the indictment announced by the US...
Intercontinental Exchange Inc. (NYSE: ICE) has rolled out ICE Fraud Monitor, a mortgage fraud and property research solution designed to help lenders reduce risk and expedite underwriting. According to the company, the new tool is integrated directly with Encompass,...
Mortgage rates rose for the second straight week, according to Freddie Mac’s (OTCQB: FMCC) Primary Mortgage Market Survey. The 30-year fixed-rate mortgage averaged 6.53% as of May 28, up from last week when it averaged 6.51%, which marked a nine-month high. A year ago...
A total of 1.57 million mortgages secured by residential property (one to four units) were originated in the first quarter, according to new data from ATTOM. This marked a 13% decline from the previous quarter, but it was also a 5% year-over-year increase. The total...
Hits and Misses for the Real Estate Week of June 22-26
