Digital Mortgage Direct Page

Amy Kadomatsu is CEO of ComplySci, a provider of regulatory technology and compliance for financial services enterprises.

The number of homes for sale rose for the first time in three years, loosening inventory. Still demand continues to drop in the face of economic downturn.

Relatively cheap housing in smaller cities and towns is rising as remote work allows flexibility for where Americans can live.

Others in the mortgage industry have been known to take a page from the company’s innovative digital strategies, but using Truebill’s tech as a countercyclical strategy for recurring revenue and lead generation may be too pricey for most lenders to imitate.

The firm’s latest offering to solidify its fintech bona fides touts 10-minute applications and funds up to $50K delivered within hours.

New single-family home mortgage applications, housing starts and industry sentiment all came in at their lowest since 2020.

But these expenditures are still expected to increase by over 10% compared to 2021, which is more than double the 5% historical average, the Joint Center for Housing Studies of Harvard University said.

The Fed's tests have become a menacing countercyclical force that could further drive down liquidity in the mortgage market over the next year, the chairman of Whalen Global Advisors writes.

Shea Keats is CEO of Breakaway Bookkeeping + Advising, a virtual network of bookkeepers and advisors. She has more than 15 years of business strategy. Before starting her own small business consultancy, she worked as the director of brands at Kinder Modern, a furniture and design firm in New York City.

Buyers who are not U.S. citizens increased by 9% over the past year, the first jump since the pandemic started.