Kelly Jordaan

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October
3

Mortgage company Cornerstone Home Lending is now a bank

The acquisition and merger with Roscoe State Bank pave the way for the lender to provide new products, services and resources through advanced technologies.

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October
3

UWM now offering mortgages without lender’s title insurance

The nation's largest wholesale mortgage lender moves to capitalize on rule changes by mortgage giants Fannie Mae and Freddie Mac aimed at helping borrowers save on their closing costs.

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October
3

Nester unites nerds and contractors, lifts curtain on housing costs

Nester's model is yet another great example of how real estate market and consumer services data can coalesce to improve how homebuyers and homesellers respond to the market.

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October
3

In 3 months, spending on new home construction fell by 9%

August numbers show spending on new single-family homes dropped to a seasonally adjusted annual rate of $436 billion, a 2.9 percent fall from July, according to U.S. Census Bureau data released Monday.

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October
3

Massachusetts broker gets 2.5 years for $1.8M homebuyer scheme

The U.S. District Court of Massachusetts sentenced broker Michael Flavin to 30 months in federal prison for manipulating homebuyers into signing $1.8 million in fraudulent contracts, according to The Real Deal on Sunday.

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October
3

Woman allegedly kills ex-landlord after forging $40,000 of his checks

Prosecutors say Xiu Fang Ke beat Leonard Garber with a hammer and wrapped his body in a curtain after he confronted her about forging his checks.

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October
3

Mortgage is the new money pit for portals: Mike DelPrete

Billions of dollars have been invested to disrupt the mortgage process — which is the path to profitability for many real estate tech companies.

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October
3

BidMyListing secures $15M in additional funding, $20M to date

The company provides a conduit for real estate agents to bid money upfront for the opportunity to list properties. Funds provided will go to general growth initiatives, according to a statement.

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