Also, forbearances fall below 3%, Incenter offers Ginnie Mae MSRs and Democrats introduce a 20-year mortgage option.

Also, Candor Technology names past Fannie Mae exec chief strategy officer, former Impac chief of staff joins The Money Source and Plaza Home Mortgage finds a CIO

The purchase of The Commodore Group facilitates the Phoenix-based company’s expansion into the Northeast market and adds to its presence in the Midwest and Mid-Atlantic.

Chief Information Officer Scott Case and his staff are building patent-pending technology to transfer data from legacy BB&T and SunTrust systems to new digital channels while preserving the best of each company's platforms elsewhere.

Following completion of this sale and that of the valuation business, Xome will focus on real estate auction and asset management.

Also, Geneva Financial, Homespire boost secondary market teams and NFM Lending hires a strategy officer from Fannie Mae.

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

The industry veteran will be responsible for a division with a mortgage portfolio of almost $1.1 trillion in unpaid balances.

But a greater number still expect decreased margins for the fourth straight quarter, due to competitive pressures and shifting demands in purchases and refinances

With its sale to Blue Ridge Bankshares set to close within months, FVC Bankcorp is moving to diversify by taking a 29% stake in Atlantic Coast Mortgage.

The deal comes with a 10-year agreement for Arch to serve as the exclusive mortgage insurance provider for Westpac LMI’s former parent financial institution in Australia.

Also, Gateless taps former Freddie Mac executive as COO and Nations Lending and Geneva Financial expand their networks.

The company is divesting itself of another piece of Xome after previously peddling Title365 to Blend Labs.

Marked declines in loans that have had relatively higher levels of pandemic-related distress reinforced other indicators suggesting the market could normalize if infection rates remain contained.

Also, loanDepot adds recent HUD official to board, Cherry Creek names CTO, Homebot taps former Ellie Mae executive to lead enterprise sales and Stewart Title hires, promotes team members across the U.S.

Shrinking gain-on-sale margins also ate into earnings, with growth expected to slow for the rest of 2021.

The acquisition of Florida-based Service Finance Co. would expand the North Carolina bank’s presence in the point-of-sale lending business.

The company attributed its second quarter loss to competitive pricing pressures and GSE-imposed charges.

The company's expanded portfolio through its acquisition spree drove revenue, representatives said.

The deal comes just days after Figure closed on a capital raise that valued it at $3.2 billion.