The real estate software company Yardi has acquired CloudVO, the San Francisco-based online reseller of virtual offices, meeting rooms and other workplace services. The financial terms of the acquisition were not disclosed. As of June 1, CloudVO ceased to take new...
Six federal regulatory agencies have jointly requested public comment on a proposed rule designed to ensure the credibility and integrity of models used in real estate valuations. In a statement, the agencies said the proposed rule would “implement quality control...
Measurabl, a San Diego-based company that offers an environmental, social and governance (ESG) technology platform for the real estate industry, announced the close of its $93 million Series D round of funding. According to the company, the round was oversubscribed....
Closinglock, an Austin-based provider of fraud prevention solutions for the real estate industry, has introduced a new identity verification solution for real estate firms and title agencies. The new solution includes the ability to identify fake driver’s...
Mortgage rates were soaring again in the latest Primary Mortgage Market Survey from Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.57% as of May 25, up from last week when it averaged 6.39%. A year ago at this time, the rate averaged 5.10%. The...
There was bad news and good news for independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks during the first quarter of this year. The bad news: these entities reported a net loss of $1,972 on each loan they originated during the quarter,...
