Lenders are seeking "innovative new approaches to consumer engagement," said Roostify CEO Rajesh Bhat.
Refinance volume may be waning, but lenders' reliance on consumer direct tools will only increase next year. Plus, the rise of mini-correspondents will keep the warehouse lending renaissance going strong in 2015.
By joining GuardHill and Alan Rosenbaum (left), "We realized that together as a team, they say one and one equals two, [but] with us, one and one equals 10," said Melissa Cohn (right).
GuardHill Financial Corp. CEO Alan Rosenbaum has recruited veteran New York City mortgage originator—and former competitor—Melissa Cohn to bring an under-the-radar lender out of the shadows.
Marketplace lender Social Finance may pursue a larger initial public offering than expected, CEO Mike Cagney said. Progress in its mortgage business and a new lending app will be pivotal to the company's future, he said.
A recent study found that homeowners who choose not to refinance lose out on tens of thousands of dollars in savings.
Mortgage lending, particularly for bigger banks, cooled some in October as home buying season ended. Meanwhile, loan pricing deteriorated again, showing that lenders are still cutting rates to land the best credits.
Funding for housing counseling represents a minuscule fraction of total spending on housing-related initiatives. Still, some question whether taxpayers are getting the best bang for their buck.
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