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ICE Mortgage Technology loses $6M in 2Q22

National Mortgage
Mortgage Finance
3 years ago

Intercontinental Exchange executives were bullish on its mortgage business even though that segment produced a GAAP operating loss of $6,.. Read More;

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Equifax may face class action after credit score glitch

National Mortgage
Mortgage Finance
3 years ago

Equifax, the second-biggest global credit bureau, was hit with a proposed class-action lawsuit after a report that it provided inaccurate,.. Read More;

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Ocwen's strategy shift notches modest win in Q2 earnings

National Mortgage
Mortgage Finance
3 years ago

Ocwen Financial eked out a second quarter profit due to cost cuts, appreciation in owned mortgage servicing rights, and a,.. Read More;

post

Mortgage rates fall back below 5%

National Mortgage
Mortgage Finance
3 years ago

Average mortgage rates dropped under 5% for the first time since mid April over the past week, Freddie Mac reported,,.. Read More;

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Fed leaders pledge tough fight to keep inflation credibility

National Mortgage
Mortgage Finance
3 years ago

Federal Reserve leaders pledged the central bank would continue an aggressive fight to cool an inflation rate that's at a,.. Read More;

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Construction figures fall for first time in 18 months

Mortgage Finance Gazette
Mortgage Finance
3 years ago

Its latest construction purchasing managers index reports the headline figure falling from 52.6 in June to 48.9 on the month. While,.. Read More;

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Value of new second charge business up 29% in June, says FLA

Mortgage Finance Gazette
Mortgage Finance
3 years ago

The value of new business in June increased 29% over the same time frame to £130m, the FLA’s newest report,.. Read More;

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BOE raises interest rates to 1.75%

Mortgage Finance Gazette
Mortgage Finance
3 years ago

This is the highest rate rise since 1995, and the greatest increase since the central bank was given control of,.. Read More;

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Freedom Mortgage sells RoundPoint to Two Harbors after 2 years

National Mortgage
Mortgage Finance
3 years ago

Freedom Mortgage has moved on from RoundPoint Mortgage Servicing Corp. barely two years after it closed on the acquisition.Matrix Financial,.. Read More;

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Sprout Mortgage sued for reneging on purchase agreements

National Mortgage
Mortgage Finance
3 years ago

Originators burned by Sprout Mortgage's shutdown last month are suing the company for allegedly reneging on agreements to purchase millions,.. Read More;

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Lower adds Honor Home Loans as private label retail group

National Mortgage
Mortgage Finance
3 years ago

Lower, a Columbus, Ohio-based multichannel mortgage lender, has expanded its retail branch network for the second time in three months,.. Read More;

post

PennyMac Financial Services' profit sags but beats analyst estimates

National Mortgage
Mortgage Finance
3 years ago

Servicing income, certain secondary market gains, layoffs and other cost-cutting did more to offset the impact of the marketwide originations,.. Read More;

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