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  • FirstClose secures $35 million investment from Lateral May 17, 2022
    In its first equity round, FirstClose received a $35 million investment from Lateral Investment Management on Tuesday. The post FirstClose secures $35 million investment from Lateral appeared first on HousingWire.
    Brooklee Han
  • Narrow Gauge Capital acquires Inco-Check May 17, 2022
    Private equity firm Narrow Gauge Capital (NGC) acquired Inco-Check, a provider of QC audit mortgage software and fraud prevention services. The post Narrow Gauge Capital acquires Inco-Check appeared first on HousingWire.
    Connie Kim
  • Orchard provides cash offers for first-time homebuyers May 17, 2022
    Orchard,wants to expand its customer base of first-time homebuyers by helping them to make a cash-backed offer.  The post Orchard provides cash offers for first-time homebuyers appeared first on HousingWire.
    Connie Kim
  • FHA Commissioner Julia Gordon gets to work May 17, 2022
    Mortgage industry stakeholders have described Gordon as “extremely qualified" and a “pragmatic liberal who will bring people to the table.” The post FHA Commissioner Julia Gordon gets to work appeared first on HousingWire.
    Georgia Kromrei
  • Fraud costs largely from online, mobile home purchases May 17, 2022
    A LexisNexis Risk Solutions report analyzing trends in mortgage fraud shows fraud costs come mainly from online and mobile home purchases. The post Fraud costs largely from online, mobile home purchases appeared first on HousingWire.
    Connie Kim
  • Wire fraud prevention fintech CertifID raises $12.5M in Series A funding May 16, 2022
    Fintech CertifID, aimed at reducing wire fraud in real estate transactions, will staff up with $12.5 million in Series A funding. The post Wire fraud prevention fintech CertifID raises $12.5M in Series A funding appeared first on HousingWire.
    Maria Volkova
  • Is investor appetite for non-QM changing? May 16, 2022
    HousingWire chats with Steven Schwalb, Managing Partner of Angel Oak Lending about the changes investor appetite for non-QM products. The post Is investor appetite for non-QM changing? appeared first on HousingWire.
    Eunice Garcia
  • Forbearance rate drops below 1%, lowest level since June 2020 May 16, 2022
    The Mortgage Bankers Association's monthly survey showed fewer than 500,000 people remain in forbearance, the lowest level since June 2020. The post Forbearance rate drops below 1%, lowest level since June 2020 appeared first on HousingWire.
    Flávia Furlan Nunes
  • Lessons from lenders’ Q1 earnings amid epic volume drop May 16, 2022
    Origination volume dropped in Q1 but banks and non-bank lenders that sold off mortgage servicing rights saw the highest profits, earnings. The post Lessons from lenders’ Q1 earnings amid epic volume drop appeared first on HousingWire.
    Connie Kim
  • Here’s a look at the latest updates to the MERS eRegistry May 16, 2022
    HousingWire recently talked with Chris McEntee, vice president of ICE Mortgage Technology, about the latest updates to the MERS eRegistry and what they mean for the industry. The post Here’s a look at the latest updates to the MERS eRegistry appeared first on HousingWire.
    Eunice Garcia