Greenlight Financial Services, Irvine, Calif., is now offering a guaranteed price to borrowers for settlement services related to mortgage refinancings.The company is now offering the "$995 Flat Fee Refi" program. Borrowers of conforming loans pay only $995 for all nonrecurring closing costs when they do a refi. Services provided include title, escrow, appraisal, and notary, among others. Joann Pham, president and chief executive of Greenlight, said her company "has always been committed to offering the best deal with excellent customer service, and the unprecedented '$995 Flat Fee Refi' program is an extension of that philosophy."
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Retail lender Rate separately launched yet another non-mortgage brand, with outdoor saunas and other furnishings following a high-end performance wear line.
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June purchase demand strengthened, refinances remained steady and pull-through improved, reversing May losses.
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The move is designed to align the two Utah-based businesses under a single unique name and comes two years after the bank acquired the home lender in 2024.
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Federal Reserve Bank of Dallas President Lorie Logan said at an event Thursday that conducting monetary policy actions through a third party would improve efficiency and make markets stronger.
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The Rithm subsidiary plans to reduce its involvement in decentralized operations through an agreement with the American Pacific Mortgage affiliate.
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A week after falling to its lowest point since mid-May, the 30-year fixed rate mortgage turned higher as the 10-year Treasury rose 15 basis points since June.
July 9










