Investors pleased with the results posted by KB Home helped to drive the company’s stock price up 4.29% from
There were six MIEC members which closed higher, including Radian Group, up 2.08%, and Fidelity National Financial, up 1.28%. Hudson City Bancorp closed unchanged.
PHH had the largest percentage decline, down 3.03%, followed by Ellie Mae, down 2.98%. MGIC Investment Corp. had the third largest percentage loss, 0.69%.
The California-based lender announced Wednesday the addition of One Goal Mortgage, a branch serving the Omaha, Nebraska, metro area and Southwest Iowa.
Better is focusing on its U.S. mortgage unit, which reported higher-than-expected preliminary loan volumes and priced a stock offering.
A new Basel III proposal offers mixed results for warehouse lending, with some risk-weight relief for banks but tougher terms that could crimp credit availability for nonbank mortgage lenders.
Roughly a third of homeowners with a mortgage rate less than 6% would not give up their rate for any reason, according to a survey of 1,000 mortgage holders.
In other news, Better Mortgage completed warehouse renewals and Wolters Kluwer provided a new form of access to its digital vault platform for secured parties.
A United Wholesale Mortgage executive stepped in to defend a claim against the company, as consumers pelt the industry with more spam call complaints.
