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New American Funding cuts 240 in another layoff round

National Mortgage
Mortgage Finance
3 years ago

New American Funding laid off another 240 employees this month, it confirmed, bringing its total to 941 terminated workers in,.. Read More;

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Mortgage delinquencies fall to record low in 3Q

National Mortgage
Mortgage Finance
3 years ago

The current U.S. economic turmoil has yet to affect mortgage loan delinquencies in the third quarter as the overall rate,.. Read More;

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Mortgage rates are above 7%, but for how long?

National Mortgage
Mortgage Finance
3 years ago

Mortgage rates continued to whipsaw, as a 13 basis point increase pushed the average back above 7%, Freddie Mac said.,.. Read More;

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Redfin cuts 13% of staff, shuts down home-flipping business

National Mortgage
Mortgage Finance
3 years ago

Redfin Corp. is shuttering its iBuying business and laying off workers for the second time in almost five months, as,.. Read More;

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Rocket returns to top of customer satisfaction survey

National Mortgage
Mortgage Finance
3 years ago

Rocket Mortgage regained the top spot among mortgage originators for customer satisfaction, but this year's scores, especially at the top,.. Read More;

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Two Harbors reported mixed results in 3Q, sold $20B in servicing

National Mortgage
Mortgage Finance
3 years ago

Two Harbors Investment Corp. was profitable in the third quarter using standard accounting principles but under another metric reflecting gains,.. Read More;

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Layoffs hit Freedom Mortgage

National Mortgage
Mortgage Finance
3 years ago

Freedom Mortgage started letting people go last Thursday and the layoffs have carried over into this week, impacting close to,.. Read More;

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LoanDepot hypes HELOC, cost-cutting amid 9-figure loss

National Mortgage
Mortgage Finance
3 years ago

LoanDepot reported a nine-figure loss in the third quarter, but executives professed faith in the company's massive cost-cutting exercise and,.. Read More;

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Troubled Finance of America reports escalating losses

National Mortgage
Mortgage Finance
3 years ago

In its third quarter earnings call, Finance of America leadership took pains to paint a bright future for the troubled,.. Read More;

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Purchase applications increase for the first time in over a month

National Mortgage
Mortgage Finance
3 years ago

Mortgage volumes came in flat for a second week, decreasing by a hair, even as purchase activity experienced a rebound,,.. Read More;

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Nearly $7 billion in mortgage servicing rights go up for bid

National Mortgage
Mortgage Finance
3 years ago

A $6.9 billion portfolio of mortgage servicing rights concentrated in California and Colorado has gone up for bid through Incenter.Weighted,.. Read More;

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Angel Oak posts third consecutive quarterly loss amid non-QM headwinds

National Mortgage
Mortgage Finance
3 years ago

Real estate investment trust Angel Oak Mortgage reported a third-straight quarterly loss as a turbulent non-QM environment raises industry-wide concerns,.. Read More;

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