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US investment firm becomes minority shareholder in MT Finance

Mortgage Finance Gazette
Mortgage Finance
3 years ago

MT Finance says the investment marks another important milestone for the company. MT Finance director and founder Joshua Elash says: “We,.. Read More;

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Landbay launches 5-year BTL fixes for standard, HMO and MUFB properties

Mortgage Finance Gazette
Mortgage Finance
3 years ago

The BTL platform says the range consists of three standard five-year fixed-rate loans of up to 75% loan to value,,.. Read More;

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Is it time for IMBs to cash in their chips?

National Mortgage
Mortgage Finance
3 years ago

On Sunday, the Mortgage Banker's Association convened its annual conference in Nashville. Lenders and servicers confront rising interest rates and,.. Read More;

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Homebuilder stock woes deepen as rates hurt affordability

National Mortgage
Mortgage Finance
3 years ago

Workers install siding on a single family home under construction in Lehi, Utah, U.S., on Friday, Jan. 7, 2022. Soaring,.. Read More;

post

Prepayment risk fell to nearly a 22-year low in September

National Mortgage
Mortgage Finance
3 years ago

Mortgage prepayments fell to their lowest point since November 2000 last month, reducing one of the biggest risks for servicing,.. Read More;

post

PrimeLending reports 46% annual drop in volume, quarterly loss

National Mortgage
Mortgage Finance
3 years ago

PrimeLending reported a 46% year-over-year drop in annual loan production, leading it to a third quarter pre-tax loss, in another,.. Read More;

post

Finance of America ending forward mortgage originations

National Mortgage
Mortgage Finance
3 years ago

Finance of America is ending its forward mortgage originations by the end of the year, a massive cost-cutting move that,.. Read More;

post

Clever Real Estate cuts staff

National Mortgage
Mortgage Finance
3 years ago

A St. Louis-based startup connecting homebuyers and sellers to real estate agents is the latest housing market player to make,.. Read More;

post

MSR owner Marlin Mortgage buying originator LoanFront

National Mortgage
Mortgage Finance
3 years ago

Marlin Mortgage Holdings, an owner of mortgage servicing rights, has agreed to purchase direct-to-consumer lender LoanFront.Terms of the transaction have,.. Read More;

post

PHH liable for $2M for denying loan modification in divorce case

National Mortgage
Mortgage Finance
3 years ago

PHH Mortgage Services is liable for $1.86 million following an arbitrator's ruling finding that it denied a consumer loss mitigation,.. Read More;

post

Ginnie Mae will soon be in the cloud

National Mortgage
Mortgage Finance
3 years ago

Ginnie Mae's securitization platform is currently offline, and will be for the next couple of days. When the platform reemerges,.. Read More;

post

Ginnie Mae extends deadline for nonbank capital rule

National Mortgage
Mortgage Finance
3 years ago

Ginnie Mae on Friday moved the implementation date for its controversial risk-based capital rule that nonbanks are set to become,.. Read More;

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