VC investments in mortgage AI show how rivals will cut labor costs

Recent capital raises at mortgage fintechs show which technology tools lenders value, and signal that measurable bottom-line results will drive future investor interest. Processing Content While the latest funding announcements from Kastle and Celligence show that the ease of using today’s platforms for originations is a feature both consumers and mortgage professionals appreciate today, promise […]

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Better, FirstClose, Nada launch new home equity products

A record amount of home equity has brought companies across the mortgage industry, particularly fintechs, into the sector.  Processing Content Borrowers with a mortgage in the United States hold a total of $17.9 trillion in home equity, equal to $310,000 per homeowner, according to Cotality’s latest Homeowner Equity Insights Report. Better Mortgage and fintechs like

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Short-end treasuries become popular bet on Fed inflation win

Investors in the US Treasury market are shifting their focus to owning shorter-dated government bonds, a bet that the Federal Reserve will eventually emerge victorious in its fight against inflation.  Processing Content Two-year yields have soared to a multi-year high of around 4.75% in the days following the Fed’s first rate increase since 2023, the

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