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Guild Holdings expects market share gains as industry originations dip

National Mortgage
Mortgage Finance
3 years ago

Guild Mortgage reported a third-quarter uptick in profits on servicing gains, but also a sizable decline in origination volume, albeit,.. Read More;

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UWM's new No. 1 mortgage lender status driven by Game On

National Mortgage
Mortgage Finance
3 years ago

UWM Holdings celebrated surpassing Rocket Companies to become the No. 1 mortgage originator by total volume in the third quarter."Well,,.. Read More;

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Mortgage job estimates drop to low not seen since late 2020

National Mortgage
Mortgage Finance
3 years ago

The latest drop in employment estimates for nonbank mortgage bankers and brokers show the gains from 2021 have completely been,.. Read More;

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Positive Lending to offer equity release products

Mortgage Finance Gazette
Mortgage Finance
3 years ago

The specialist packager says its later life products “are designed to help current, and soon-to-be, retirees to make the most,.. Read More;

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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;

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