Archives August 2022

Mortgage Lenders Use Tech And Local Ties to Grow National

Mortgage Lenders Use Tech And Local Ties to Grow National

While rising mortgage rates have prompted some of the biggest names in home lending to downsize as their refinancing business dries up, some smaller lenders, who are focused on providing purchase loans to homebuyers, have been using technology and local connections to grow their business.

Atlanta-based direct mortgage lender Silverton Mortgage, for example, continues to expand its national footprint, adding

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Black Redlining Expert Faces Appraisal Bias

Black Redlining Expert Faces Appraisal Bias

Black Redlining Expert Faces Appraisal Bias

Johns Hopkins’ Nathan Connolly (John Hopkins, Getty)

An Black expert in redlining was himself the subject of racial discrimination in the housing market, according to a lawsuit filed this week.

Johns Hopkins University history professor Nathan Connolly and his wife, Shani Mott, are suing lender loanDepot, 20/20 Valuations and appraiser Shane Lanham for alleged discrimination, the New York Times reported.

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Annual Rent Growth Slows For Second Straight Month In July

Annual Rent Growth Slows For Second Straight Month In July

Redfin said it expects rental growth to continue to slow, but markets with strong job growth and limited new housing construction will likely continue to experience large rent increases.

The rate of annual rent growth slowed for the second straight month this year during July, according to a report released Friday by the web-powered brokerage Redfin.

The report found that

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