"January 22, 2025" Archives

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Struggling homeowners often don’t understand escrow

Mortgage escrow accounts are an important, yet widely misunderstood asset in the housing market. Although 80% of mortgage holders have escrow accounts, only 60% fully understand them, up from 52% in early 2024. And those who don’t understand are paying dearly. That finding comes from a survey released Tuesday by tax and flood services provider…

Mortgage applications mostly flat from last week

Data from the Mortgage Bankers Association’s (MBA) weekly mortgage applications survey for the week ending Jan. 17 show mortgage applications increased 0.1% from a week earlier on a seasonally adjusted basis. On an unadjusted basis, applications increased by 3% compared with the previous week. The refinance index decreased 3% from the previous week and was…

Evernest acquires Poplar Homes and $15M in tech-focused funding

Property management company Evernest announced on Wednesday its largest acquisition to date. The company will acquire tech-enabled property management platform Poplar Homes alongside $15 million in growth-centered funding. The acquisition follows more than 30 made by Evernest since the company arrived on-scene in 2008. Adding Poplar Homes establishes Evernest as the second-largest tech-enabled property management…

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