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Mortgage rates slip under 7%, but more increases on the horizon

National Mortgage
Mortgage Finance
3 years ago

Mortgage rates slipped back under the 7% mark this week, Freddie Mac reported, as the bond market likely took a,.. Read More;

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Powell waves off financial stability concerns after another big rate hike

National Mortgage
Mortgage Finance
3 years ago

WASHINGTON — Federal Reserve Chair Jerome Powell brushed away concerns of financial stability as he announced another large interest rate,.. Read More;

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Former Finance of America team hired by Hallmark

National Mortgage
Mortgage Finance
3 years ago

A second former Finance of America retail production group has found a new home, this time at Hallmark Home Mortgage.The,.. Read More;

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Rithm Capital reports profit as focus expands beyond mortgage

National Mortgage
Mortgage Finance
3 years ago

Rithm Capital returned to profitability thanks to its mortgage servicing unit in the third quarter, but it's seeking and found,.. Read More;

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PennyMac, Radian and others announce more layoffs

National Mortgage
Mortgage Finance
3 years ago

More players in the mortgage space are trimming their workforce as the industry discloses third quarter performances alongside still-muted loan,.. Read More;

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Condo, HOA units increased but reserve funds dipped in 2021

National Mortgage
Mortgage Finance
3 years ago

Estimates for the number of housing units in community associations climbed another notch last year, but a condominium building's collapse,.. Read More;

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Opendoor lays off 18% of workers in wave of housing cutbacks

National Mortgage
Mortgage Finance
3 years ago

Opendoor Technologies Inc. is laying off about 550 employees after higher mortgage rates cratered U.S. housing demand.The layoffs will reduce,.. Read More;

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Fed hikes again by 75 basis points, hints at entering end phase

National Mortgage
Mortgage Finance
3 years ago

Federal Reserve officials signaled their aggressive campaign to curb inflation could be entering its final phase even as they delivered,.. Read More;

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Mortgage application activity comes in flat

National Mortgage
Mortgage Finance
3 years ago

New loan activity flattened last week, with overall volumes posting a slight drop, as a small uptick in refinances was,.. Read More;

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Servicing fintech Haven raises $8M in funding

National Mortgage
Mortgage Finance
3 years ago

Haven, a fintech servicing platform, raised $8 million in Series A funding, per a press release published this week.The funding,.. Read More;

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Promontory MortgagePath is closing its doors

National Mortgage
Mortgage Finance
3 years ago

Connecticut-based Promontory MortgagePath, a provider of mortgage fulfillment services, is closing its doors due to "unprecedented and rapid mortgage market,.. Read More;

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Rocket rolls out loyalty program offering closing cost discounts

National Mortgage
Mortgage Finance
3 years ago

Rocket Cos. unveiled a new loyalty rewards program offering closing cost discounts, the latest in a series of marketing initiatives,.. Read More;

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