Origination

Some of the best mortgage companies to work for discuss how they incorporate community service in their plans and the resulting business and personnel benefits.

The increase in borrowing costs coincides with a sharp rise in the 10-year US Treasury yield, which is correlated with mortgage rates, as war with Iran disrupted oil flows and sparked concerns about inflation. 

On an adjusted basis, reverse mortgage company Finance of America reported $14 million in net income, down from $33 million in the third quarter.

CEO Anthony Hsieh said refinances should provide notable benefit to its direct lending unit a day after LoanDepot announced a return to the wholesale channel.

Nonagency underwriting is expanding but the public sector is a different story due to recent performance issues, according to the Mortgage Bankers Association.

Several mortgage wholesale and partnership channel announcements came out coincidentally following loanDepot's return to the broker channel.

PHH Mortgage's new name comes after a recent sale of reverse lending assets and also arrives less than two years after Onity Group itself rebranded.

Contract closings increased 1.7% to a 4.09 million annualized rate, according to National Association of Realtors data released Tuesday.

The 30-year fixed-rate mortgage fell below 6% at the end of last month for the first time since 2022, bringing purchase borrowers back to the market.

The company dropped the broker channel just months after Frank Martell became CEO; now that Anthony Hsieh is running things again, LoanDepot brought it back.