Redfin Mortgage launches in Colorado, its 10th market

Redfin Mortgage, the home-lending arm of the Seattle-based real estate brokerage, officially launched today in Colorado.

Fair Lending policy director faces accusations of racism in blog post

A high-ranking policy director at the Consumer Financial Protection Bureau (CFPB) responsible for overseeing fair lending practices is under fire for a racially charged blog post.

Uh-oh: High-risk home loans are on the rise again

Now that these buyers have relatively easy access to credit (albeit at a high risk), they’re snapping up homes at the lowest price tier and driving up home prices.

How mergers, money and machines are reshaping real estate

The real estate industry is a space ripe for change and disruption — from the way homes are bought and sold, to how people are paying and who’s doing that buying and selling. With change happening at such a torrid pace, it’s often hard to keep up, so we at Inman have rounded up the five biggest trends that are shaping the industry right now.

The government is cracking down on reverse mortgages

Homeowners looking for a reverse mortgage may have to undergo a second appraisal in certain circumstances, thanks to new guidance from the Federal Housing Administration (FHA).

Pending home sales have fallen for eight months in a row

Pending home sales dropped 2.3 percent in August — the eighth consecutive month of annualized declines, according to the National Association of Realtors.

Fed raises interest rates another 0.25% in third hike this year

The Federal Reserve increased its short-term interest rate from 2 percent to 2.25 percent Wednesday, the third rate hike to take place this year. 

Mortgage rates rise for 4th consecutive week

The 30-year-fixed mortgage rate averaged 4.65 percent this week, the highest since May, according to Freddie Mac’s most recent Primary Mortgage Market Survey.

Blend wants to make applying for a mortgage smoother with AI

The Peter Thiel-backed San Francisco-startup’s new product for lenders, Blend Intelligence, automatically requests documents from borrowers and runs health checks on them.

Motto Mortgage adds franchise in Northwest US

Motto Mortgage Group, a mortgage brokerage spun off from RE/MAX, is expanding to the Seattle metro area with a new office in Edmonds, Washington.