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Mortgage rates move down on inflation expectations

National Mortgage
Mortgage Finance
3 years ago

Mortgage rates resumed moving downward this week, baking in bond market expectations of a favorable inflation report, Freddie Mac said.,.. Read More;

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Lenders apprehensive about implementing tech for closings

National Mortgage
Mortgage Finance
3 years ago

Some mortgage lenders are still lukewarm about embracing fully digital solutions for closing a loan, even after all of the,.. Read More;

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North American Savings Bank exits consumer direct home lending

National Mortgage
Mortgage Finance
3 years ago

A Midwest bank is the latest to shut down part of its mortgage lending operations and shed payroll amid dwindling,.. Read More;

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UWM gives brokers 125 basis points to play with in 1Q

National Mortgage
Mortgage Finance
3 years ago

United Wholesale Mortgage, which rode its Game On pricing promotion to become the No. 1 lender during the third quarter,,.. Read More;

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How Wells Fargo's correspondent exit changes the game

National Mortgage
Mortgage Finance
3 years ago

Wells Fargo's decision to exit the correspondent origination channel and reduce the size of its mortgage servicing portfolio will have,.. Read More;

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Foreclosures filings rose 115% in the past year

National Mortgage
Mortgage Finance
3 years ago

Default notices, scheduled auctions and bank repossessions collectively rose in the past year meeting servicer expectations to a degree, but,.. Read More;

post

Housing-market funk has lumber traders expecting rally to fizzle

National Mortgage
Mortgage Finance
3 years ago

The chill in North America's housing market has lumber traders saying the commodity's recent rally may not have much more,.. Read More;

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Flurry of bank-related MSR deals go up for bid

National Mortgage
Mortgage Finance
3 years ago

Multiple sellers affiliated with depositories put mortgage-servicing rights portfolios up for bid this week, including one large $4.85 billion bulk,.. Read More;

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Blend cuts 340 workers amid executive shakeup

National Mortgage
Mortgage Finance
3 years ago

Blend Labs is laying off hundreds of employees and reshuffling its leadership in one of the technology vendor's biggest shake,.. Read More;

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CFPB proposes rule to rein in nonbank arbitration contracts

National Mortgage
Mortgage Finance
3 years ago

The Consumer Financial Protection Bureau proposed a rule Wednesday to rein in arbitration clauses in a second attempt to block,.. Read More;

post

Purchase applications fall to 9-year low

National Mortgage
Mortgage Finance
3 years ago

New loan activity picked up at the start of 2023 after a steep decline at the end of December, even,.. Read More;

post

Wells Fargo pulls out of correspondent lending

National Mortgage
Mortgage Finance
3 years ago

Wells Fargo's strategic plans for "a more focused home lending business" includes an exit from corresponding lending and a reduction,.. Read More;

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