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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;

post

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;

post

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;

post

Bank of Canada Rate Increase #5

GLM Mortgage Group
Mortgage Finance
3 years ago

Bank of Canada Rate IncreaseYou are probably used to seeing us use these words, but the Bank of Canada has,.. Read More;

post

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;

post

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;

post

Virgin Money lifts resi and BTL variable rates by up to 50bps

Mortgage Finance Gazette
Mortgage Finance
3 years ago

At Virgin Money, the business says its residential standard variable rate increases to 6.49% from 5.99%.   The loyalty rate, for,.. Read More;

post

Rising prices, higher rates, low consumer confidence to hit high LTVs: Bloomberg

Mortgage Finance Gazette
Mortgage Finance
3 years ago

The 1.5% leap in the two-year swap curve rate for UK banks’ mortgage pricing during Prime Minister Liz Truss’s short,.. Read More;

post

Gen H secures additional funding led by Legal & General

Mortgage Finance Gazette
Mortgage Finance
3 years ago

Legal & General has acquired an 18.75% stake, taking a seat on the board alongside Peter Thiel’s Mithril Capital and,.. Read More;

post

Bank of England bumps base rate up to 3%

Mortgage Finance Gazette
Mortgage Finance
3 years ago

The Monetary Policy Committee (MPC) voted by a majority of 7-2 to increase the bank rate by 0.75 percentage points,,.. Read More;

post

FCA reveals 7 firms agree to pay

Mortgage Finance Gazette
Mortgage Finance
3 years ago

The watchdog has also told a total of 32 mortgage and consumer credit firms to make changes to improve the,.. Read More;

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