Los Angeles-based CarsDirect has acquired several mortgage website properties from Myers Internet Inc.The terms of the transaction were not disclosed. As part of the agreement, CarsDirect acquires Myers' mortgage lead technology platform and its consumer brands BestRate.com and LoanApp.com. The acquisition was designed to accelerate the growth of CarsDirect's mortgage business and complement its current consumer-facing mortgage websites -- LoanStore.com and CheckInterestRates.com, the company said. Myers can be found on the Web at http://www.myers.com.
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The lender won its motion for summary judgment just about two months after the court denied a plaintiff's attempt to certify a class of over 50,000 consumers.
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While delinquencies eased overall quarter to quarter, they trended upward on a yearly basis across all loan types, the Mortgage Bankers Association said.
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The seller surplus was a result of sluggish demand as opposed to increased supply. The 30-year fixed-rate mortgage rose every week in July to 6.66%.
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More than a third of listings are below their original ask, with entry-level homes seeing frequent cuts in several metros, Movoto data shows.
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For the first time in six weeks, the 30-year fixed rate mortgage dropped, with observers expecting a steady but challenging housing market for the rest of 2026.
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The fintech posted its strongest quarter since going public last year and reported major consumer loan marketplace volume approaching $4.3 billion.
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