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UWM losses grow on servicing value hit

National Mortgage
Mortgage Finance
3 years ago

Lower interest rates drove a $337 million hit that came from a decline in the fair value of its mortgage,.. Read More;

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LoanDepot, still in the red, shrinks its losses in Q1

National Mortgage
Mortgage Finance
3 years ago

LoanDepot is anticipating a rough year but is promoting positive progress from the first quarter, as it shrank big losses,.. Read More;

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Weekly mortgage volumes are up as interest rates fall

National Mortgage
Mortgage Finance
3 years ago

Mortgage application volumes continued their up-and-down trend from April, rising as interest rates dropped and showed signs of longer-term stabilization,.. Read More;

post

Hurricane Ida forbearance proposal considered in New Jersey

National Mortgage
Mortgage Finance
3 years ago

The New Jersey Legislature will consider a proposed bill to provide foreclosure protections and forbearance to distressed homeowners still dealing,.. Read More;

post

Multifamily mortgage lending down 44% in first quarter

National Mortgage
Mortgage Finance
3 years ago

The pace of commercial and multifamily mortgage lending declined to its lowest level in nine years as U.S. economic uncertainty,.. Read More;

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Fed's Williams says commercial real estate a 'real issue' for banks

National Mortgage
Mortgage Finance
3 years ago

Federal Reserve Bank of New York President John Williams said bank supervisors are monitoring developments in the commercial real estate,.. Read More;

post

Guild Mortgage reports 1Q losses, turns focus to market share

National Mortgage
Mortgage Finance
3 years ago

Guild Mortgage reported a $37.2 million net loss in the first quarter, due to "a challenging backdrop of rising rates,.. Read More;

post

Incenter puts $7 billion in mortgage servicing rights up for bid

National Mortgage
Mortgage Finance
3 years ago

Incenter has put a $7.61 billion offering of Fannie Mae and Freddie Mac servicing up for bid on behalf of,.. Read More;

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Mortgage credit is at its tightest in over a decade

National Mortgage
Mortgage Finance
3 years ago

Mortgage lending conditions during April tightened to the lowest level in over a decade, a pull-back related to the turmoil,.. Read More;

post

Finance of America posts a profit, aims to rule HECM market

National Mortgage
Mortgage Finance
3 years ago

Finance of America recorded a slight profit to begin the year as it hones its new identity as the nation's,.. Read More;

post

LoanDepot says it quickly shut down a hack last August

National Mortgage
Mortgage Finance
3 years ago

Lender and servicer LoanDepot quickly shut down a data breach last August, it said.LoanDepot said 1,361 customers nationwide had personal,.. Read More;

post

Who dominated the Michigan mortgage market last year?

National Mortgage
Mortgage Finance
3 years ago

Michigan is the hub of the mortgage world, but local industry giants faced stiff competition for homebuyers within their own,.. Read More;

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