Industry News
Industry News
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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.
January 9 -
The top five banks and thrifts have nearly $96 billion in combined home equity loan portfolios as of September 30, 2023.
January 9 -
The lender had taken certain systems offline and was working to restore business operations as of Monday morning.
January 8 -
A bill before the state legislature would create a public infrastructure bank, where municipalities could go to finance projects from affordable housing to bridges.
January 7 -
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.
January 5 -
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.
January 5 -
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.
January 5 -
The finding comes days after a Summit employee filed a $9 million counterclaim against Movement Mortgage, the plaintiff firm.
January 5 -
The Ohio lender has seen mixed results in its court battles with the California rival, while having other similar complaints dismissed.
January 5 -
The former Airbnb executive Jonathan Mildenhall steps into a newly created role, overseeing communications for all business lines at the Detroit-based company.
January 4 -
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.
January 4 -
The industry is embracing growth by hiring and implementing artificial intelligence tools in the face of significant headwinds.
January 4 -
But home financing professionals are still expecting high interest rates, natural disasters and recurring stressors like repurchases to affect their bottom lines in 2024.
January 4 -
The top five depositories have a combined wholesale volume of nearly $18 billion at the end of Q3 2023.
January 2 -
The title insurer said its title data and property records research tools have been restored, as well as its warranty site.
December 29 -
Also, Stavvy acquires new executives after latest acquisition, Logan Finance accelerates expansion and CV3, First Community and Kiavi add capital markets experts.
December 29 -
The company increased the number of members to eight from seven, per an SEC filing.
December 29 -
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.
December 29 -
The correspondent loan buyer, which does business as Essex Mortgage, wants $700,000 in damages.
December 28 -
Credit unions have announced 11 deals for banks so far in 2023, five short of 2022's total.
December 28



















