HomeShark Inc., a San Francisco-based online discount mortgage broker and national home listings service, will close its third round of financing next week, MortgageWire has learned.The $20 million round will be co-led by industry leaders Weiss, Peck & Greer Venture Partners and Hyperion Partners. HomeShark's website address is http://www.homeshark.com.
National Mortgage News spoke with Shant Banosian of Rate, Mark Cohen of Cohen Financial and Amanda Sessa of SWBC on how they stand out in their markets.
The partnership was designed to support the growth of Redwood's Sequoia platform and give Castlelake purchasing power for fully documented loans.
Home affordability declined on a monthly basis across loan types and racial demographics, but improved from a year ago, the Mortgage Bankers Association said.
A federal judge harshly criticized the settlement of a civil suit between the Department of Justice and a Texas land developer.
The latest study from LodeStar found the ratio of average closing cost to home sales price in several states, led by Delaware, well above the national average.
The benchmark 10-year Treasury yield topped 4.4% on April 29 — its highest level since late March — as investor anxiety mounted.
