Purchase mortgage applications were up 1% during the week ending March 25
The layoffs come as Pennymac ups its investment in technology and marketing to help it do more business directly with consumers and mortgage brokers
The company continues to pay its Ukrainian workers, including those who are engaged in the fight to defend their country, and is actively recruiting new talent
First-time homebuyers who rely on government mortgage programs are 'increasingly challenged' by rapid home price increases and higher mortgage rates
Mortgages surged to 4.6% Monday, the highest since March 2019, after Fed Chair Jerome Powell said the war in Ukraine and supply disruptions could drive inflation beyond previous forecasts
Realfinity co-founder Erwin Robert Hirt's mortgage companies have been involved in litgation over loan officer compensation and suspected client data breach
With the addition of Michigan and Ohio, the purchase mortgage fintech is now in 7 states
The lender says credit scores, home appraisals and broader inequities in the U.S. economy explain the higher approval rates for white borrowers
Through LENx division, homebuilder has invested in a portfolio of two dozen companies including Opendoor, Blend Labs, Divvy Homes and Doma
Nearly 30 states have launched programs to distribute $9.961 billion in federal aid for households who are behind on their mortgages
Rates remain low by historical standards and could retreat from recent highs. Lenders eager to make up for a precipitous drop in refinancings, meanwhile, are scrambling to win new business
Borrowers can be routed to Encompass eClose directly from Maxwell Point of Sale, streamlining closings for borrowers and maintaining a consistent closing workflow for lenders
The power buyer, which will also step away from plans for an initial public offering, said funding from private investors will allow it to continue expansion into 90 markets by end of year
Total Expert's new Customer Intelligence tool can detect when borrowers are ready to buy a home or refinance a mortgage
Zeenat Sidi, a veteran of SoFi and RBC, will serve as president and CEO of the new unit, which will oversee loanDepot's customer contact center, the company announced Thursday
Rates are rebounding as bond market investors weigh the prospect that the economic fallout from Russia’s invasion of Ukraine could eventually lead to higher energy costs that fuel inflation
The move into Indiana and Missouri expands Ribbon's presence into 10 states, including hot markets like Indianapolis and St. Louis, according to an announcement Wednesday
Fathom Realty grew its agent headcount by 48% last year, to 8,100 agents, and those agents completed 10,800 transactions during the last 3 months of the year, according to Q4 earnings
Lenders are managing risk by focusing on borrowers with prime credit scores who are keeping a bigger equity stake in their homes, according to Black Knight's latest Mortgage Monitor Report
Building on the momentum of last year's Caliber Home Loans acquisition, Newrez seeks to be 'national go-to source' for mortgage info
