HousingWireHousingWire The race is on for brokerages to capture clients in an incredibly difficult housing market, and Compass believes a new technology offering will give it an advantage. The brokerage on Monday launched Compass One, a client-facing portal that provides a guide through the process of both home buying and…
Continue reading →HousingWireHousingWire Cornerstone Capital Bank, a national mortgage originator and servicer, is launching a community lending division to serve underserved communities, the company announced this week. The new division will be based in Arlington, Texas. Cornerstone plans to close the homeownership gap for underserved communities in the 45 states that the…
Continue reading →HousingWireHousingWire Homeowners in California with an insurance policy from State Farm could see a 22% rate hike. The insurer sent a letter to the California Department of Insurance on Monday that described its “dire” financial situation due to the wildfires in Los Angeles County and a request for an “emergency”…
Continue reading →HousingWireHousingWire In February 2024, Sagent, a Warburg Pincus-backed fintech firm, announced the launch of its mortgage software platform, Dara. A year later, HousingWire checked in with the Dara team about what lies ahead. “We previewed the Dara platform in February of 2024 at the MBA servicing conference,” said Perry Hilzendeger,…
Continue reading →HousingWireHousingWire The U.S. housing market underwent five years of changes that are complicating the homebuying process. Emerging from the pandemic, the chronic lack of inventory disrupted the principles of supply and demand, causing housing prices to soar. Because the Federal Reserve kept interest rates too low for too long during…
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