Industry News
Industry News
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While new jobs data contributed to falling Treasury yields, mortgage rates showed a mixed picture with some trackers moving in opposite directions.
October 2 -
The credit scoring agency's rollout comes after years of criticism from home lenders over its prices, with delivery costs rising over 40% in the past year.
October 2 -
The Mortgage Bankers Association's chief operating officer has decided to retire after 11 years at the job. Three association leaders were promoted as a result.
October 2 -
Former Mr. Cooper CEO Jay Bray will become Rocket Mortgage's president and CEO as the $14.2 billion transaction closes in just six months after announcement.
October 1 -
Nearly 20% of homeowners had a mortgage rate of at least 6% in the second quarter of this year, signaling Americans are warming up to higher rates, Redfin said.
September 29 -
Nordholm took over as CEO in 2018 and the secondary market buyer of agricultural loans has named another executive who will serve as his successor.
September 26 -
OCMBC launched its new wholesale lender, GIANT Lending, amid a poaching controversy with the naming rights to its old DBA, Jet Advantage.
September 26 -
Washington, D.C. and Denver lead the country with the largest share of mortgaged households, and will likely soon see a shift in buyer demand, Realtor.com said.
September 25 -
Mortgage applications increased 0.6% last week after jumping 29.7% the week prior, according to the Mortgage Bankers Association.
September 24 -
The lender is seeking to dismiss the lawsuit, calling the purported scheme to also deprive its loan officers of full compensation implausible.
September 24 -
In a separate announcement, the government-sponsored enterprise also announced the extension of Michael Hutchins' leadership term as interim CEO.
September 23 -
The next Fed chair could do QE with a twist and there may be a long easing cycle that would help revive mid-sized companies, housing and commercial real estate.
September 23 -
The move will lead the New Jersey-based bank to eliminate over 100 employees, primarily within its mortgage lending operations, according to a state filing.
September 22 -
In the mortgage business, Rate has the biggest upside in the Compass-Anywhere M&A as it has joint ventures with both Guaranteed Rate Affinity and Originpoint.
September 22 -
There were 35.2% more sellers than buyers in the market last month. June and July were the only routine months since at least 2013 with a greater percentage.
September 22 -
The broker advocate and the trade group she previously led have both included other industry players in the legal dispute over nearly $1 million in payments.
September 19 -
The average return on investment for flipped homes was 25.1% in the second quarter this year, the lowest point since the second quarter of 2008.
September 19 -
Pennymac increased its single-unit conforming loan limit from $806,500 to $819,000, following United Wholesale Mortgage.
September 19 -
Radian undertook a multiyear process that resulted in the $1.7 billion purchase of Inigo, but it's exiting other businesses outside of mortgage insurance.
September 18 -
Rate rolled out its Rate App entirely in Spanish Thursday as part of its Language Access Program.
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