Origination

Panorama Mortgage Group and Hunt Mortgage also appoint COOs, SitusAMC adds to its title sales team and non-QM lender Sprout finds head of TPO business with internal promotion.

The fugitive and five others, including a Realtor, were indicted this month on 25 counts for lying to obtain lines of credit and properties for themselves and clients.

With an Q4 earnings report that showed declining revenues, Jay Farner called out lenders who reduce pricing and threw shade at certain unnamed lenders who fire employees via video call.

These companies benefited from the strong refinance market in 2021, but are facing a different environment with fewer mortgage originations expected this year.

The company has been working to improve its bottom-line results by aggressively cutting expenses and repositioning its servicing operation to maximize its profitability, according to CEO Willie Newman.

Sales of new U.S. homes retreated in January after a flurry of purchases at the end of 2021, indicating a jump in mortgage rates may be starting to restrain demand.

Strong economic data was countered by international political developments, sending the 30-year rate lower for the first time in a month.

However, all but one company did less business in the most recent period than during the third quarter, and new insurance written was down across the board compared with one year prior.

Before the pandemic, the sprawling architecture and physical distance from neighbors, bars and restaurants seemed out of step with city-obsessed millennials. That’s changed.

Industry leaders identified mobile device usage and consumer-granted third-party access to data as emerging risks.