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Trapped by design: Why America’s housing market is stuck — and what the rest of the world can teach us

Housing Wire

Millions of homeowners are locked into 23% mortgage rates and simply wont sell, creating a chain reaction thats grinding the entire system to a halt. Its the result of a uniquely American mortgage structureone that unintentionally punishes mobility and paralyzes housing supply. Mortgage originations have dropped off a cliff.

Design 286
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Mortgage servicing startup Valon raises $100M in Series C funding round

Housing Wire

Fast-growing mortgage servicing platform Valon has secured $100 million in a Series C funding round, the company announced this week. Valon intends to use the fresh capital to boost product development and expand its reach to new markets. The company is now servicing $65 million in mortgages, equating to 400% annualized growth.

Mortgage 448
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The Loan Store partners with Gateless for AI-powered mortgage underwriting

Housing Wire

Mortgage technology company Gateless is offering its flagship automated underwriting platform to a new lender. The artificial intelligence-based platform, the latest addition to the Gateless AI mortgage tool suite, aims to enhance The Loan Store’s underwriting capabilities.

Mortgage 397
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Mortgage Digitalization 2.0: Moving Beyond Integrations

Appraisal Buzz

In the modern mortgage industry, lenders are not just setting themselves apart on who has the best Super Bowl ad or the biggest branch footprint, but increasingly also on their approach to technology. This entails developing a clear understanding of the existing technological landscape, including all systems, integrations, data flows, etc.

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FHA borrowers would get mortgage insurance relief through proposed House bill

Housing Wire

House of Representatives proposes to relieve Federal Housing Administration (FHA) borrowers of mortgage insurance premiums (MIPs) once they reach a certain level of home equity , aligning FHA policies with those of conventional loans. Mortgage insurance exists as protection from foreclosure on low equity loans. Introduced by Reps.

Insurance 418
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Florida has built 77,000 new homes in high-risk flood areas

Housing Wire

Robert Gordon, a senior vice president at the American Property Casualty Insurance Association , told the Journal that mortgage lenders need to be more involved in these processes. Developers continue to build in these areas with few obvious signs of slowing, the story said. “La

Insurance 497
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Dark Matter launches Developer Portal for an open API ecosystem

Housing Wire

Dark Matter Technologies unveiled a new Developer Portal Thursday during its second annual Horizon user conference. The Developer Portal marks an evolution for Dark Matter’s Empower loan origination system (LOS), moving from API access to “a fully open API ecosystem.”