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LoanDepot hypes HELOC, cost-cutting amid 9-figure loss

National Mortgage
Mortgage Finance
3 years ago

LoanDepot reported a nine-figure loss in the third quarter, but executives professed faith in the company's massive cost-cutting exercise and,.. Read More;

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Troubled Finance of America reports escalating losses

National Mortgage
Mortgage Finance
3 years ago

In its third quarter earnings call, Finance of America leadership took pains to paint a bright future for the troubled,.. Read More;

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Purchase applications increase for the first time in over a month

National Mortgage
Mortgage Finance
3 years ago

Mortgage volumes came in flat for a second week, decreasing by a hair, even as purchase activity experienced a rebound,,.. Read More;

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Accord broadens underserved borrowing scorecard to include remortgages

Mortgage Finance Gazette
Mortgage Finance
3 years ago

The intermediary-only lender will now offer the range to brokers for remortgage clients, as well as home loan purchases.  The Cascade,.. Read More;

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Paragon Bank promotes Cresswell to relationship manager

Mortgage Finance Gazette
Mortgage Finance
3 years ago

Creswell was previously senior portfolio manager and will be responsible for the management of several client accounts, as well as,.. Read More;

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Lloyds and Octopus partner on green home improvements initiative

Mortgage Finance Gazette
Mortgage Finance
3 years ago

The first scheme of the partnership will offer lower cost air-source heat pumps to UK households.  The pilot has launched through,.. Read More;

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Barclays to pay

Mortgage Finance Gazette
Mortgage Finance
3 years ago

Lenders must send annual reminders to PPI customers that set out clearly the cost of their policy, the type of,.. Read More;

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Virgin Money appoints Calder ashead of secured lending

Mortgage Finance Gazette
Mortgage Finance
3 years ago

The lender says that industry veteran Calder will be responsible for growing its mortgage business, offered direct and through intermediaries,.. Read More;

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Property transactions tumble by a quarter over six months: HBB

Mortgage Finance Gazette
Mortgage Finance
3 years ago

In the six months to June, an average of 61,651 homes a month were sold across the UK, 23.8% fewer,.. Read More;

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Two-thirds of banks and building societies not prepared for Consumer Duty: Moneyhub

Mortgage Finance Gazette
Mortgage Finance
3 years ago

Another 22% of chief executives, chairs and directors at these institutions do not think they will be prepared for the,.. Read More;

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Nearly $7 billion in mortgage servicing rights go up for bid

National Mortgage
Mortgage Finance
3 years ago

A $6.9 billion portfolio of mortgage servicing rights concentrated in California and Colorado has gone up for bid through Incenter.Weighted,.. Read More;

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Angel Oak posts third consecutive quarterly loss amid non-QM headwinds

National Mortgage
Mortgage Finance
3 years ago

Real estate investment trust Angel Oak Mortgage reported a third-straight quarterly loss as a turbulent non-QM environment raises industry-wide concerns,.. Read More;

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