Maxwell

Single Women Now Dominate Homebuying Landscape

Posted on by TMN Editor
Single women are beating their male counterparts in homeownership rates. A report from Maxwell found that single women account for 22% of the homebuying market. Overall, they own 2.71 million more homes than single men. Millennials and Gen Z buyers are spearheading this trend, representing the biggest age demographic of these solo buyers, with over half of female applicants under the age of 34 compared to 40% of men. Part of the shift comes from the changing financial status of the youngest generations. While the gender pay gap remains a problem, women younger than 30 earn at least as much as men younger than 30 in 22 U.S. metros, especially large economic centers like New York, D.C., and Los Angeles.…

Digital Mortgage Startup Maxwell Raises Additional $52.5 Million

Posted on by TMN Editor
Denver-based startup Maxwell, an online platform for mortgage loan officers and small lenders, raised $52.5 million in funding. The cash injection includes $28.5 million in equity funding from Wells Fargo and venture firm Fin VC. Maxwell announced the funding on their Facebook page. The additional funding comes on top of the $16 million it raised in its Series B round seven months ago. The money will be used to advance their tech, as well as hire sales, marketing, engineering, and product staff. The company’s goal is to change “lender operations and borrower expectations” by making mortgage applications, processing, and underwriting more efficient. “We’re really focused on modernizing the mortgage market, particularly for small and mid-sized lenders serving America’s communities,” Maxwell…