Countdown to Buy, Bethel, Conn., which operates an online real estate auction website, has lined up new investor commitments of more than $1.1 million, according to a source familiar with the matter. The official announcement on the capital raise is expected to come next week. Founded in 2008, Countdown hopes to expand from a regional online seller of real estate to a national player.
The shift, which is in line with a similar one by other regulators, could be significant for mortgage businesses that work with Fannie Mae and Freddie Mac.
Jumbo lending helped offset a decline in June's credit numbers, as government-backed programs noticeably contracted, the Mortgage Bankers Association said.
Colorado homeowners pay the highest premiums at $463 a month, as insurance costs now exceed property taxes in 15 states, LendingTree found.
CPI inflation remains above the Federal Reserve's 2% target, but the slower rate of increase gives the central bank time to weigh the best course of action.
Movement Mortgage added to its operations leadership and Click n' Close named a new chief information officer.
The award is one-third of the $26 million settlement the parent company of three servicers agreed to earlier this year to settle claims from a 2021 data breach.
