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LoanDepot posts Q2 loss but sees origination green shoots

National Mortgage
Mortgage Finance
3 years ago

LoanDepot posted another eight-figure loss in the second quarter, but the firm slashed the amount by nearly half from earlier,.. Read More;

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Footing the appraisal bill may be costing lenders thousands

National Mortgage
Mortgage Finance
3 years ago

Mortgage shops should turn their attention to revenue leakage from appraisal fee collection, a blog from Stratmor Group argues.Though footing,.. Read More;

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Trade groups seek to provide input on VA's new foreclosure program

National Mortgage
Mortgage Finance
3 years ago

Two influential trade groups in the mortgage industry want the Department of Veterans Affairs to open up a commentary period,.. Read More;

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Credit-rating downgrades could mean higher costs for banks

National Mortgage
Mortgage Finance
3 years ago

Moody's said higher funding costs, a potential decline in bank capital and growing risk in the commercial real estate industry,.. Read More;

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Angel Oak reports higher cash levels but a quarterly loss

National Mortgage
Mortgage Finance
3 years ago

With plans for quarterly securitizations, Angel Oak Mortgage REIT said promising signs appear in secondary-market trends, as it continues to,.. Read More;

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TV-starring real estate firm swaps preferred lenders

National Mortgage
Mortgage Finance
3 years ago

The Agency, the luxury real estate brokerage featured in reality TV show "Buying Beverly Hills," just crowned New American Funding,.. Read More;

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Mortgage credit tightens on jumbo concerns, loan costs

National Mortgage
Mortgage Finance
3 years ago

Originators continued to reduce their loan product offerings in July in an effort to manage costs while origination volume lags,,.. Read More;

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Wells Fargo, BNP to pay millions in U.S. fines in WhatsApp probes

National Mortgage
Mortgage Finance
3 years ago

Brent Lewin/Bloomberg Wells Fargo and BNP Paribas will pay millions of dollars in penalties for employees using unofficial,.. Read More;

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Flagstar announces graduates of latest mortgage tech accelerator

National Mortgage
Mortgage Finance
3 years ago

Flagstar Bank revealed the fintech graduates of its latest MortgageTech Accelerator program, which is designed to assist startups whose work,.. Read More;

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Buoyant homebuilder rally counters housing market woes

National Mortgage
Mortgage Finance
3 years ago

The seemingly unstoppable rally in homebuilding stocks may face a few potential roadblocks ahead.In recent months, the group has been,.. Read More;

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Moody's cuts U.S. banks on mounting funding costs, office risk

National Mortgage
Mortgage Finance
3 years ago

"Rising funding costs and declining income metrics will erode profitability, the first buffer against losses," Moody's wrote in a note,.. Read More;

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HomeTown's top branch heads for the door, legal woes brew

National Mortgage
Mortgage Finance
3 years ago

HomeTown Lenders' top-performing branch appears to have left the mortgage shop in late July.HomeTown's Mokena, Illinois branch, which is said,.. Read More;

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