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Guild Holdings expects market share gains as industry originations dip

National Mortgage
Mortgage Finance
3 years ago

Guild Mortgage reported a third-quarter uptick in profits on servicing gains, but also a sizable decline in origination volume, albeit,.. Read More;

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UWM's new No. 1 mortgage lender status driven by Game On

National Mortgage
Mortgage Finance
3 years ago

UWM Holdings celebrated surpassing Rocket Companies to become the No. 1 mortgage originator by total volume in the third quarter."Well,,.. Read More;

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Mortgage job estimates drop to low not seen since late 2020

National Mortgage
Mortgage Finance
3 years ago

The latest drop in employment estimates for nonbank mortgage bankers and brokers show the gains from 2021 have completely been,.. Read More;

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Rocket profited on servicing, but lost its lead in originations

National Mortgage
Mortgage Finance
3 years ago

Rocket Companies lost its lead in production for the first time ever in the third quarter while hitting its gain,.. Read More;

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Opendoor writes down home inventory by $573 million in slump

National Mortgage
Mortgage Finance
3 years ago

Opendoor Technologies Inc. reported third-quarter losses that were steeper than expected, after the U.S. housing slump led the company to,.. Read More;

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GO Mortgage latest to hire Finance of America employees

National Mortgage
Mortgage Finance
3 years ago

Ohio-based GO Mortgage is the latest origination shop to give former Finance of America employees a home.More than a dozen,.. Read More;

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LoanDepot alters another financing agreement amid mortgage rollouts

National Mortgage
Mortgage Finance
3 years ago

LoanDepot again cut its financing capacity ahead of its third quarter earnings report, quietly disclosing another adjustment while announcing a,.. Read More;

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Mr. Cooper lays off 800 employees

National Mortgage
Mortgage Finance
3 years ago

The mortgage industry continues to shed personnel as margins grow thinner. One of the most recent lenders to hand out,.. Read More;

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ICE Mortgage Technology returns to the black in the third quarter

National Mortgage
Mortgage Finance
3 years ago

A concerted effort toward increasing subscriptions is helping mortgage operations at Intercontinental Exchange withstand the pressures of a contracting market,,.. Read More;

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Ocwen grew profit but doesn't want to rely solely on MSR gains

National Mortgage
Mortgage Finance
3 years ago

Ocwen Financial's profitability improved thanks to gains in the value of its mortgage servicing rights during the third quarter.Under generally,.. Read More;

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First-time home buyers are oldest on record, least diverse since 1997

National Mortgage
Mortgage Finance
3 years ago

Both first-time and repeat U.S. homebuyers are now the oldest on record, and the proportion of purchases by Black, Asian,.. Read More;

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U.S. homeowners have a fat equity cushion for real-estate downturn

National Mortgage
Mortgage Finance
3 years ago

U.S. homeowners continued to build their equity positions last quarter even as the housing market cooled, and they have ample,.. Read More;

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