The mortgage industry's digital transformation is revolutionizing the home buying experience and upending the status quo for lenders and servicers. The Digital Mortgage Conference is the premiere event exclusively dedicated to these developments, bringing over 1,500 professionals to Las Vegas on Sept. 17-18 for keynote speakers, panels and the main attraction: live product demos showcasing the latest mortgage innovations.
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Both lenders did not disclose how many positions have been terminated.
November 7
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It came as a surprise to many housing experts that Asian, Black and Hispanic homeownership rates all jumped last year by more than 2 percentage points, according to quarterly Census Bureau data.
November 7
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A Worker Adjustment and Retraining Notification identified 100 CCM employees impacted, a filing the company has since requested be removed and claims was posted by a former employee.
November 7
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The $1.3 trillion decline was the largest quarterly drop in dollar volume and the biggest falloff on a percentage basis since 2009, according to Black Knight.
November 7
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The acquisition, which was originally expected to close at the end of last year, ultimately took more than 18 months to receive regulatory approval. It is now expected to close on Dec. 1.
November 7
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The limit for high-cost areas for 2023, 50 percent above the baseline limit, would be approximately $1.08 million, writes a former principal economist with the Federal Housing Finance Agency.
November 7
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The writing on the wall says the market will deteriorate further, the company's executives said in a written statement.
November 7
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The lender reported a 24% drop in volume quarter-over-quarter but said it compared favorably to the average 29% decline projected by the Mortgage Bankers Association.
November 4
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But far more staff reductions will be needed to bring numbers back in line with the norm prior to the past two years' extraordinary housing boom.
November 4
