Clark Street Capital said it developed a service to pair sellers with multiple potential buyers within just two weeks. It's meant to help small lenders close deals fast while still getting the benefits of a bidding process.

The top five banks and thrifts have nearly $96 billion in combined home equity loan portfolios as of September 30, 2023.

The lender had taken certain systems offline and was working to restore business operations as of Monday morning.

A bill before the state legislature would create a public infrastructure bank, where municipalities could go to finance projects from affordable housing to bridges.

The wholesaler asked the creator of "Rocket Pro TPO vs. UWM" to end all improper use of intellectual property and delete any false and defamatory content.

Southern Bancorp in Little Rock, Arkansas, plans to put $250 million in equity capital it received from the Treasury Department to good use making mortgages and acquiring banks.

Low refinance volume creates a "relative disadvantage" for Rocket, which historically had a much larger share of that market versus purchase, a note by Bose George, analyst at Keefe, Bruyette & Woods, said.

The finding comes days after a Summit employee filed a $9 million counterclaim against Movement Mortgage, the plaintiff firm.

The Ohio lender has seen mixed results in its court battles with the California rival, while having other similar complaints dismissed.

The former Airbnb executive Jonathan Mildenhall steps into a newly created role, overseeing communications for all business lines at the Detroit-based company.

Timeless Funding LLC alleges the trouble stricken mortgage lender borrowed over $300,000 and hasn't paid the full amount back. The company wants to recover close to $200,000.

The industry is embracing growth by hiring and implementing artificial intelligence tools in the face of significant headwinds.

But home financing professionals are still expecting high interest rates, natural disasters and recurring stressors like repurchases to affect their bottom lines in 2024.

The top five depositories have a combined wholesale volume of nearly $18 billion at the end of Q3 2023.

The title insurer said its title data and property records research tools have been restored, as well as its warranty site.

Also, Stavvy acquires new executives after latest acquisition, Logan Finance accelerates expansion and CV3, First Community and Kiavi add capital markets experts.

The company increased the number of members to eight from seven, per an SEC filing.

The majority of non-core work, such as accounting, IT and HR functions can be offloaded to a third party as a means for lenders to shave expenses.

The correspondent loan buyer, which does business as Essex Mortgage, wants $700,000 in damages.

Credit unions have announced 11 deals for banks so far in 2023, five short of 2022's total.