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Angel Oak Home Loans sells retail division

National Mortgage
Mortgage Finance
3 years ago

Angel Oak Home Loans is selling off a key part of its business, the company said Thursday. In a press statement,,.. Read More;

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Monthly construction output increases 0.4% in September: ONS

Mortgage Finance Gazette
Mortgage Finance
3 years ago

September shows the highest level of construction output since records began in January 2010 with figures totalling £15.12bn This is the,.. Read More;

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Missed Mortgage Payments

GLM Mortgage Group
Mortgage Finance
3 years ago

So What Happens if I Miss a Mortgage Payment?That is a great question. Let’s examine that in today’s blog.Since interest,.. Read More;

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Home Point Capital takes 3Q loss, nearly completes Ginnie Mae MSR exit

National Mortgage
Mortgage Finance
3 years ago

Home Point Capital recorded another loss in the third quarter, but executives said it's making progress in rightsizing its lending,.. Read More;

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GSEs lower their multifamily lending caps for 2023

National Mortgage
Mortgage Finance
3 years ago

The Federal Housing Finance Agency on Thursday announced it'll lower the multifamily lending caps for each of the two government-sponsored,.. Read More;

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Home price growth is now below 10%

National Mortgage
Mortgage Finance
3 years ago

Annual home price growth decelerated to under 10% in the third quarter, as surging mortgage rates diminished demand, according to,.. Read More;

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MeridianLink buys OpenClose for $65 million in bid to reach more banks

National Mortgage
Mortgage Finance
3 years ago

MeridianLink reported in an earnings call this week that it bought mortgage technology platform OpenClose for $65 million.The acquiring company,,.. Read More;

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Fed officials see grounds for soon slowing rate-hike pace

National Mortgage
Mortgage Finance
3 years ago

The Federal Reserve appeared closer to moderating aggressive interest rate increases after welcome news on inflation, with three officials backing,.. Read More;

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New American Funding cuts 240 in another layoff round

National Mortgage
Mortgage Finance
3 years ago

New American Funding laid off another 240 employees this month, it confirmed, bringing its total to 941 terminated workers in,.. Read More;

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Mortgage delinquencies fall to record low in 3Q

National Mortgage
Mortgage Finance
3 years ago

The current U.S. economic turmoil has yet to affect mortgage loan delinquencies in the third quarter as the overall rate,.. Read More;

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Mortgage rates are above 7%, but for how long?

National Mortgage
Mortgage Finance
3 years ago

Mortgage rates continued to whipsaw, as a 13 basis point increase pushed the average back above 7%, Freddie Mac said.,.. Read More;

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Redfin cuts 13% of staff, shuts down home-flipping business

National Mortgage
Mortgage Finance
3 years ago

Redfin Corp. is shuttering its iBuying business and laying off workers for the second time in almost five months, as,.. Read More;

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