Sindeo, a modern mortgage marketplace, today announced it has raised $6.5 million in funding through a $5 million Series A round, which follows an earlier $1.5 million Seed round.
Mortgage interest rates rose to their highest level since the beginning of this year, and mortgage volume reacted in the opposite direction. Loan applications fell 13.2 percent for the week ending February 13, according to the Mortgage Bankers Association. Total volume is still 14 percent above where it was a year ago, when interest rates were considerably higher.
The mortgage delinquency rate declined for the 12th straight quarter to 3.29% at the end of Q4 2014, according to TransUnion's latest mortgage report. The mortgage delinquency…