GMAC Mortgage officers told MortgageWire on April 10 that the company intends to create a new brand for mortgage originations on the West Coast within a month.The goal of the new brand, they said, is to reach a customer group which GMAC Mortgage and its subsidiary, Ditech Funding, do not currently reach. They declined to identify a specific target market, and have not yet announced the brand's name.
Realtor.com's latest forecast projects prices will grow 1.2% in 2026, lower than its original estimate of 2.2% and well below the current pace of inflation.
A new class action lawsuit accuses the banking giant of failing to lower borrowers' interest rates following a series of Federal Reserve rate cuts.
The fintech's Figure Connect private credit loan exchange has grown to account for 56% of total consumer marketplace activity in early 2026.
However, for the second quarter, increased home purchase mortgage activity contributed to an industry-wide 11% increase in agency securitizations, BTIG said.
OceanFirst Financial worked with an asset manager to apply the structure to a $1.5 billion portfolio of residential mortgages.
President Dhivya Suryadevara is leaving the company shortly after assuming the job, the latest move as the company attempts to recover from an earnings slump.
