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The company also added a new marketing executive to drive growth, with current expansion coming after it also secured an origination purchase deal last month.
August 6
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The mortgage numbers are a welcome boost to a market that has struggled to overcome high costs and prolonged economic uncertainty.
August 6
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Prior to the earnings release, Finance of America announced it was buying out Blackstone's equity stake in the mortgage lender for $80 million.
August 5
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Americans now hold $34.5T in home equity, fueling a surge in home equity loans as lenders race to capitalize on rising property values.
August 5
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Volatility hiked MSR hedging costs and hurt origination margins. But net income to common shareholders almost matched that seen during the previous quarter.
August 5
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Cassidy, whose experience is in multifamily, is currently HUD principal deputy assistant secretary, running the government insurer on an acting basis.
August 4
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The legislation will prohibit credit companies from consumer's data to third-party lenders in what advocates say is a win for consumer privacy.
August 4
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Employment came in below estimates, which some economists expect could move the bond market in ways that affect loan costs even before the Fed meets next.
August 1
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Even with a disappointing Spring home sales season, Rocket had higher purchase volume each month, and based on approval letters, expects a strong third quarter.
July 31
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The company's mortgage segment is working alongside ICE Bonds to incorporate data and provide greater transparency in securities trading.
July 31
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The battle between the industry giants over exclusive listings is the latest tussle in the space beset by infighting following last year's major rule changes.
July 31
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The New Jersey-based mortgage lender said it purchased Florida Funding, which has originated nearly $600 million in loans since it was founded in 2017.
July 31
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The 30-year fixed rate stayed within a narrow range throughout most of July, with forecasts likely to leave the housing market "stuck," said one economist.
July 31
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New homebuyers found mortgages more affordable last month amid growing supply and softer prices nationwide, new data from the MBA finds.
July 31
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Still, Redwood Trust lost $100 million on a GAAP basis for the period, a result of its previous decision to pivot to a scalable operating model in mortgages.
July 30
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The uninspiring mortgage numbers come a week after the Mortgage Bankers Association downgraded its yearly origination forecast over economic uncertainty.
July 30
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The company identified opportunities and challenges amid market disruption in the quarter and revealed expansion in some mortgage-related business lines.
July 29
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As high interest rates make refinancing impossible for many homeowners, increasing numbers of them are turning to HELOCs and home equity loans for cash.
July 28
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Rithm Capital said it is focused on optimizing Newrez's potential to support the full business, pointing to opportunities in servicing and non-agency lending.
July 28
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Community banks could be the answer to increase the supply of non-agency mortgage products in the secondary market, said Steve Thomas of FutureWave Finance.
July 28
