Origination

Speculation has mounted that Mike Calhoun, president of the Center for Responsible Lending, is under consideration to lead the Federal Housing Finance Agency. His nomination would be an endorsement of proposals to treat Fannie Mae and Freddie Mac in a similar way as publicly regulated power or water companies.

But the pace of refinances was at its slowest since July, even as interest rates remained low.

Rather than add debt through a HELOC, the company’s product allows clients to get cash in exchange for a portion of the property's value.

The fintech projects the Series C capital will enable $10 billion in annual housing transactions through its system and expansion to half the U.S.

All of the NTC employees will join Covius, including the company's senior management, following the deal's completion.

The company co-founded by former Zillow CEO Spencer Rascoff raised $125 million from investors including SoftBank Vision Fund 2.

The companies talk through their products aimed at making the processes safer and more inclusive for consumers.

The number of borrowers leaving plans outweighed a smaller uptick in new requests and re-entries.

If confirmed, Alanna McCargo would be the first Senate-approved president at Ginnie Mae since January 2017.

August’s increase in that loan type drove refinancings to take up a slim majority share of origination volume for the first time since February, according to Black Knight.