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A range of investment residential properties, including single-family homes, condominiums and multi-unit properties, will secure the debt.
May 14 -
The company is positioning its Tinman platform as a serious industry competitor and suggests it's eying product costs of around $1,500 per loan.
May 13 -
April was a mixed bag for title companies, executives said on earnings calls, but some are expecting a stronger market the rest of the year.
May 12 -
The first quarter showed a narrowing in the market share spread between the six active underwriters, but that was before April's economic uncertainty.
May 9 -
The mortgage fintech looks to transition to a model of strategic platform partnerships rather than offer its own closing services as it simplifies operations.
May 9 -
Agency mortgage backed securities have slipped about 1.1% since the start of April, trailing Treasuries and the broader US bond market.
May 9 -
Company management touted its wins, including with total volume of $21 billion, the Redfin and Mr. Cooper purchases plus a record quarter for home equity.
May 8 -
The reverse mortgage division reported a loss due to hedging costs but on a net basis the company proved profitable ahead of peak market disruption in April.
May 8 -
The San Diego-based lender reported a net loss of $23.9 million for the January-March period, down from a net income of $97.9 million the quarter prior.
May 7 -
Much of the increase came from the wholesale channel, where margins were thinner, leaving them flat on for the origination unit on a sequential quarter basis.
May 6