Arc Home LLC, a non-QM and non-Agency wholesale and correspondent lender, has named Brian Devlin as president. Devlin is also set to assume the role of CEO following a transition period with current chief executive, Richard Bradfield, who is leaving the firm to pursue...
Zillow Group (NASDAQ:ZG) has acquired Follow Up Boss, a customer relationship management (CRM) system for real estate professionals. The acquisition purchase price includes $400 million of initial cash consideration and up to $100 million in a potential cash earnout....
Sherman Bridge, a private money lender for investors purchasing distressed single-family residential real estate, has launched an online marketplace designed to connect lenders with real estate investors. According to the company, the marketplace will bring together...
Mortgage application activity was down for the third consecutive week, according to new data from the Mortgage Bankers Association (MBA). The Market Composite Index, the trade group’s measure of mortgage loan application volume, was down by 2.1% on a seasonally...
loanDepot Inc. (NYSE: LDI) has launched its “accessZERO” program to assist borrowers challenged with barriers to affordable homeownership. The new program is available nationwide for Federal Housing Administration purchase mortgages and offers up to 5% in down payment...
The commercial mortgage-backed securities (CMBS) delinquency rate rose 24 basis points in October to 4.63%, according to new data from Trepp Inc. The represents the highest level since the end of the Covid-19 pandemic. Trepp primarily attributed this spike to a $930...
