Non-depository institutions originated an even greater share of all home loans compared to the year before, according to the Federal Financial Examination Council’s latest analysis of Home Mortgage Disclosure Act data.

The mortgage company had experimented with a piggyback product just before the pandemic disrupted the market, and it’s bringing the second-lien portion back as a standalone offering.

In the face of headwinds, mortgage leaders will stay strong by building on past experience, writes the president of Incenter LLC.

These transactions look to add territories or products to counter the effects of origination activity contracting.

The firm cut staff from junior to senior employees in nearly every department and is left with a 325-worker headcount, a spokesperson confirmed.

The all-stock deal follows a boom in demand for interim financing on purchases, which HomeLight had been looking to offer on a larger scale.

Wells Fargo, U.S. Bancorp, Truist Financial and PNC Financial were among the banks that said they are raising their prime lending rates from 4.0% to 4.75%.

The incident at the mortgage fintech occurred late last year as a spate of attacks rocked other housing lenders.

The industry veteran serves on Mortgage Bankers Association board of directors and co-leads its IMB executive council.

The bank in a new filing claims some litigants didn’t apply for the refinances at the center of the complaint.

As the market continues to cool, the real estate brokers are laying off around 450 employees each.

Until employers rethink their policies and benefits, the challenges of the Great Resignation on businesses and employee well-being will persist.

Wyndham Capital, Open Mortgage and reverse mortgage lender American Advisors Group eliminated jobs this week.

Also, Inlanta names its CEO, American Financial welcomes back a past president and Deephaven keeps growing.

Federal prosecutors in Manhattan are investigating the bank over allegations that it conducted so-called fake interviews with nonwhite and female job applicants, The New York Times reported Thursday.

The American Bankers Association’s credit conditions index fell sharply, as economists foresaw dampening loan demand. The weaker outlook lines up with major bank CEOs’ increased worries over a possible recession.

Crypto-collateralized loans and the use of shared digital ledgers would have been unimaginable in the not so distant past. Today, such technologies have seemingly limitless boundaries.

ICE’s deal could give it pricing power over the industry to the detriment of smaller lenders and consumers, the nonbank mortgage trade group said in a letter to the Justice Department

The lender and its founder are accused of retaliating against the second-in-command for raising alarm over deceptive financial statements and other concerning behavior.

No cause of death was provided for the longtime industry figure, who before joining CoreLogic in 2015 was at Freddie Mac for 28 years, including 13 as its chief economist.