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Fintech nCino cuts 7% of workforce, CFO exits

National Mortgage
Mortgage Finance
3 years ago

Fintech nCino slashed 7% of its workforce, or 117 employees, on Wednesday.Some of the departing employees were from recently acquired,.. Read More;

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HECMs saw greater pullbacks in endorsements at end of 2022

National Mortgage
Mortgage Finance
3 years ago

Home Equity Conversion Mortgages endorsements among reverse originators slowed toward the end of 2022 in what turned out to be,.. Read More;

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Fed's Williams says there's more work to do to cool inflation

National Mortgage
Mortgage Finance
3 years ago

Federal Reserve Bank of New York President John Williams said officials have not completed their aggressive tightening campaign to reduce,.. Read More;

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Existing home sales slide to cap biggest annual drop since 2008

National Mortgage
Mortgage Finance
3 years ago

Sales of previously owned U.S. homes fell in December to the slowest pace in over a decade, capping one of,.. Read More;

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LoanDepot invests in Black Knight loan origination system

National Mortgage
Mortgage Finance
3 years ago

Though some lenders have tabled tech initiatives until the origination landscape improves, other players in the market, like loanDepot, are,.. Read More;

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FHFA makes further changes to Fannie Mae, Freddie Mac pricing

National Mortgage
Mortgage Finance
3 years ago

The Federal Housing Finance Agency is making changes to the pricing for home loans Fannie Mae and Freddie Mac buy.,.. Read More;

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Ginnie Mae extends delinquency threshold exemption for COVID-19

National Mortgage
Mortgage Finance
3 years ago

Ginnie Mae has extended pandemic-related flexibilities around a threshold for late payments for the fourth time.The exemption for certain loans,,.. Read More;

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Home price drop will lift purchase market, Rocket CFO says

National Mortgage
Mortgage Finance
3 years ago

The expected reduction in mortgage activity will force more industry consolidation, but prospective homebuyers will enjoy the collateral damage in,.. Read More;

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Bailout or business as usual? Home Loan bank advances to crypto banks spark debate

National Mortgage
Mortgage Finance
3 years ago

The use of Federal Home Loan Bank advances to offset crypto deposit losses has raised questions about banks' reliance on,.. Read More;

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New-home mortgage apps decline for third time in four months

National Mortgage
Mortgage Finance
3 years ago

Mortgage applications to purchase a newly constructed home renewed their month-to-month decline in December, falling 5% from November, the Mortgage,.. Read More;

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Mortgage rates hit lowest point since September

National Mortgage
Mortgage Finance
3 years ago

Mortgage rates moved down significantly this past week to their lowest level since mid-September, as the markets reacted positively to,.. Read More;

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Frost Bank revamps mortgage lending after 20+ years out of the market

National Mortgage
Mortgage Finance
3 years ago

The iPhone was years away from launching when Frost Bank disbanded its mortgage lending business in 2000.More than twenty years,.. Read More;

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