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Rocket profited on servicing, but lost its lead in originations

National Mortgage
Mortgage Finance
3 years ago

Rocket Companies lost its lead in production for the first time ever in the third quarter while hitting its gain,.. Read More;

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Opendoor writes down home inventory by $573 million in slump

National Mortgage
Mortgage Finance
3 years ago

Opendoor Technologies Inc. reported third-quarter losses that were steeper than expected, after the U.S. housing slump led the company to,.. Read More;

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GO Mortgage latest to hire Finance of America employees

National Mortgage
Mortgage Finance
3 years ago

Ohio-based GO Mortgage is the latest origination shop to give former Finance of America employees a home.More than a dozen,.. Read More;

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Average rates fall across all fixes, Moneyfacts data shows

Mortgage Finance Gazette
Mortgage Finance
3 years ago

New figures from Moneyfacts show that the average two-year fix fell 3 basis points, to 6.45%, and the average fix,.. Read More;

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Clydesdale cuts product transfer and new customer rates by up to 30bps

Mortgage Finance Gazette
Mortgage Finance
3 years ago

The bank says its new customer product changes cover:   Capital and Interest 75% to 90% loan-to-value two and five-year fixed-rate,.. Read More;

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Construction lifts in October, but new orders and confidence falls: PMI

Mortgage Finance Gazette
Mortgage Finance
3 years ago

The closely-watched measure says total industry activity came in at 53.2 in October, up from 52.3 in September, the highest,.. Read More;

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Skipton adds BTL products, cuts rates by up to 29bps

Mortgage Finance Gazette
Mortgage Finance
3 years ago

The mutual will introduce a range of two-year BTL fixes, including a two-year BTL 60% LTV, with no fee, at,.. Read More;

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LoanDepot alters another financing agreement amid mortgage rollouts

National Mortgage
Mortgage Finance
3 years ago

LoanDepot again cut its financing capacity ahead of its third quarter earnings report, quietly disclosing another adjustment while announcing a,.. Read More;

post

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;

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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;

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