Paul Centopani
NationalMortgageNews
New York, NY, United States
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Past articles by Paul:
Snapdocs and Mortgage Cadence partner for digital closings
The two fintechs’ venture looks to solve the long-standing problem of connectivity as the barrier to full lending digitization. → Read More
It happened to me: Workplace discrimination in mortgage and housing
Industry professionals share their experiences of racism and sexism on the job and offer the best ways to help eliminate it. → Read More
First-time home buyers can’t keep up with ‘exhausting’ price growth
The sharp increases of the pandemic era have added nearly a year to the amount of time the average consumer needs to save for a 20% down payment, according to Tomo. → Read More
Home sales dropped for the first time in 15 months in August
Last month’s housing market reversed a trend in purchases, but it wasn’t enough to stop the double-digit price growth, according to Redfin. → Read More
Cash-offer financing platform Ribbon raises $150 million
The fintech projects the Series C capital will enable $10 billion in annual housing transactions through its system and expansion to half the U.S. → Read More
Mortgage payments have jumped nearly twice as high as rents
Southwestern housing markets had the largest annual changes in median monthly home loan payments, with one increasing more than 30%, according to Redfin. → Read More
Candor raises $12.5M to build autonomous mortgage underwriting science
The lending technology provider currently has 37,741 decisioning steps or pivot points on its platform. → Read More
Recreational marijuana is a gateway drug to higher home prices
In states where it is legalized, cannabis sales tax revenues led to greater home value appreciation through community reinvestment, according to an analysis by Clever Real Estate. → Read More
Former Zillow execs raise $70 million to launch mortgage fintech Tomo
Lending startup Tomo Networks will eschew refinances to focus exclusively on purchases. → Read More
Better.com CEO Vishal Garg talks IPO, RefiNow and bullying accusations
Garg discusses how Better plans to maintain growth in a volatile market in an exclusive interview. → Read More
How accessory dwelling units could relieve the inventory squeeze
Stuck between local zoning hurdles and a lack of ideal federal financing, accessory dwelling units could be an important aspect to unlocking much-needed inventory. → Read More
New-home apps drop in February due to rising costs, low availability
“Builders continue to be confronted with rising input costs and a lack of available lots, causing them to slow production,” MBA’s Joel Kan said. → Read More
Millennials entering home market are the oldest ever
As more borrowers between 21 and 40 leveraged the historically low mortgage rates in January, the average age rose to a report high, according to ICE Mortgage Technology. → Read More
2021 Best Mortgage Companies to Work For
National Mortgage News presents the third annual Best Mortgage Companies to Work For — a survey and awards program dedicated to identifying and recognizing the industry's best employers and providing organizations with valuable employee feedback. → Read More
Mortgage rates jump to 3-month high as Treasury yields climb
With the most recent stimulus aiding economic recovery, mortgage lending’s feeding frenzy could be coming to an end. → Read More
Mortgage fintech Valon looks to disrupt servicing with Series A fundraise
Now approved by Fannie Mae, the digital servicer aims to shake up the status quo by reducing costs caused by a “monopoly in the market.” → Read More
How lenders are planning for the refi boom’s aftermath
With refinance volumes predicted to fall — but currently continuing apace — lenders explain how they’re readying themselves for eventual contraction and its implications for their expenditures. → Read More
Bidding wars dominate November’s home sales
While the haggling tapered off slightly alongside the housing market’s seasonal slowdown, home sales remained five times more competitive than the year before, according to Redfin. → Read More
CFPB, MBA form coalition to help distressed borrowers avoid scams
More than six months after the CARES Act became law, the two entities joined a host of industry organizations in launching the COVID Help for Home campaign to educate borrowers on the next steps in forbearance. → Read More
What Election 2020 uncertainty means for mortgage lending
The race enters a complicated phase that could impact financial markets. → Read More