Solving the Post-Close Challenge with Intelligent Automation

Join our upcoming webinar as SoftWorks AI CEO and Avanze CEO explore the advances in tech that allow for greater levels of automation and cost reduction, especially in support of post-close and pre-fund review.

Spruce’s Patrick Burns on innovation in title technology

In the season finale of Housing News season 5, Spruce CEO discusses heightened investor interest in title tech, innovation and fintech adoption.

Top CFPB official “hates” QM rules, jeopardizing safe harbo

A top CFPB official in charge of the rule-making process has heavily criticized the agency's own qualifying mortgage rule, jeopardizing safe harbor.

How borrower education can make housing more attainable

The current housing market is making it difficult for prospective buyers to afford a home. Housing professionals need to find ways to better meet buyer needs.

Investments

Stocks fall after second taper announcement

It's not so taper-ific this time around

There was no taper rally Wednesday after the Federal Open Market Committee made its announcement that yes, the taper is here and we’re tapering more.

By closing on Wednesday, we saw a steep stock market drop that ended with a minor rally that kept the loss to down 189 to 15,738.79.

The HW 30 index was down 0.85%. Zillow (Z), Radian Group (RDN) and Corelogic (CLGX) took heavy hits but there was blood all over the HW 30 board.   

The Nasdaq dropped 1.14% to close at 4051.43, while the S&P 500 dipped 1.02% to close at 1774.20.

Most Popular Articles

Mortgage forbearance drops to 4.36%, exits pick up steam

The downward trend of borrowers in forbearance picked up speed in the last week of April, falling 11 basis points to 4.36% of servicers’ portfolio volume.

May 10, 2021 By
3d rendering of a row of luxury townhouses along a street

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