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LoanDepot cutting wholesale channel in profitability push

National Mortgage
Mortgage Finance
4 years ago

LoanDepot leaders said they believe the company will achieve profitability by the end of the year, after revealing a big,.. Read More;

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Angel Oak posts 2Q loss due to non-QM market uncertainty

National Mortgage
Mortgage Finance
4 years ago

Real estate investment trust Angel Oak Mortgage recorded its second consecutive quarterly loss as continued economic upheaval affected its operations.Angel,.. Read More;

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Income verification fintech raises $50 million for expansion

National Mortgage
Mortgage Finance
4 years ago

Truework, an income and employment verification firm that works with Fairway Independent Mortgage, Guaranteed Rate and loanDepot and other influential,.. Read More;

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Cooler inflation takes next Fed rate-hike size down to the wire

National Mortgage
Mortgage Finance
4 years ago

Economists are divided on whether slower U.S. consumer-price growth for July means the Federal Reserve could ease its aggressive rate-hiking,.. Read More;

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FHFA adds fair lending reporting mandate for servicers

National Mortgage
Mortgage Finance
4 years ago

The Federal Housing Finance Agency on Wednesday announced that mortgage servicers working with loans backed by the government-sponsored enterprises will,.. Read More;

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Refinances pick up for a second straight week

National Mortgage
Mortgage Finance
4 years ago

After weekly mortgage application volumes increased for the first time in just over a month, activity moved sideways last week,.. Read More;

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Nextdoor revenue forecast falls short as advertisers tighten belts

National Mortgage
Mortgage Finance
4 years ago

Nextdoor Holdings Inc. reported a sales outlook that missed analysts' estimates, saying business conditions are worse than it previously expected.The,.. Read More;

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Millenials, Gen Z in D.C. opt for luxury rentals over buying

National Mortgage
Mortgage Finance
4 years ago

In D.C., high interest rates and underproduction of new inventory have raised home prices above what many residents can afford.,.. Read More;

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Half of serious mortgage delinquencies are at least 6 months late

National Mortgage
Mortgage Finance
4 years ago

A near-majority of borrowers with long-term serious mortgage delinquencies have been late on their payments for a half year or,.. Read More;

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Longtime Cenlar CEO to retire, successors named

National Mortgage
Mortgage Finance
4 years ago

Greg Tornquist is retiring from Cenlar as chairman and CEO after more than 35 years at the helm and new,.. Read More;

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Builders are stuck with too many houses as U.S. buyers pull back

National Mortgage
Mortgage Finance
4 years ago

In an American housing market that for years has been plagued by too little inventory, builders are suddenly finding themselves,.. Read More;

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Student-loan freeze led to big credit score gains, N.Y. Fed says

National Mortgage
Mortgage Finance
4 years ago

The pandemic-era freeze on student debt payments has "dramatically" improved credit scores for Americans who borrowed money to pay for,.. Read More;

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