Post Tagged with: "mortgage startups"

Does Ethos Deal Mean Mortgages Are Hot?

Does Ethos Deal Mean Mortgages Are Hot?

by April 8, 2014 at 1:34 pm 0 comments

We were lamenting the lack of innovation in the mortgage industry — and then two startups pop up. So it goes in the fintech startup bubble. First, startup SoFi recently raised $80 million (yes, you read that number right) and promptly announced that it would start marking mortgages. Then, FenwayRead More

Crashing Mortgage Margins Beg for More Innovation

Crashing Mortgage Margins Beg for More Innovation

by March 28, 2014 at 2:46 pm 0 comments

Lost amid the waterfall of news this week was the fact that the average profit on mortgages has fallen to their lowest point since the Mortgage Bankers Association started recording the data in 2008. Last quarter, mortgages paid lenders an average profit of $150. It was $743 in the fourthRead More