Damn the torpedoes! Maxwell full speed ahead on acquisitions
The Denver-based mortgage tech provider is open to more deals after acquiring LenderSelect and Revvin and becoming a one-stop shop for more local lenders during a cyclical market downturn
by Matt Carter Sep 27
Latest Ocrolus offering is designed specifically for mortgage lenders
The leader in artificial intelligence-driven financial document automation has combined 3 of its solutions into a mortgage dashboard for classifying, capturing and analyzing borrower documents
by Matt Carter Sep 27
The 'lock-in effect' is real. Lean into it to generate more leads
Opinion
Learn how the interest rate lock-in effect is impacting current buyers and sellers and where the market is headed next
by Bernice Ross Sep 26
Better cuts mortgage sales team 2 weeks after $500M SPAC raise
The lender has become more reliant on its B2B channel, with partnerships alongside companies like Ally Bank and American Express accounting for nearly half of its mortgage originations
by Matt Carter Sep 25
Serious mortgage delinquencies could bounce from 17-year low
Early-stage delinquencies have increased for 3 months in a row, suggesting that delinquency rates may be nearing a bottom, according to Black Knight's first look at August mortgage data
by Matt Carter Sep 25
Surprisingly strong jobs report sends interest rates soaring
Drop in unemployment claims on the heels of hawkish Fed warnings sends 10-year Treasury yields soaring to a 15-year high, with mortgage rates likely to follow
by Matt Carter Sep 21
Fed stays put but is prepared to hike rates one more time this year
Treasury yields, a barometer for mortgage rates, barely budged Wednesday as bond market investors look ahead to next year when the Fed is expected to start bringing rates back down
by Matt Carter Sep 20
Demand for purchase loans picks up, but so do mortgage rates
Applications for FHA mortgages and conforming loans backed by Fannie Mae and Freddie Mac were up last week even as rates crept back toward 2023 highs seen in August
by Matt Carter Sep 20
Investors who fund most home loans get new climate risk tool
ICE teams up with DeltaTerra Capital to translate physical climate risk estimates into financial risk assessments factoring in default risk, asset price depreciation and insurance costs
by Matt Carter Sep 19
Mild recession, elevated mortgage rates eyed in 2024: Fannie Mae
Fannie Mae economists predict 'mild recession' in H1 2024, while continued strength in the economy could keep mortgage rates from coming down as much as previously expected
by Matt Carter Sep 18
Head of LoanDepot's retail division steps into newly created role
Dan Hanson, the former head of loanDepot's retail division, will develop 'new revenue-generating opportunities' as the lender's new executive director of enterprise partnerships and acquisitions
by Matt Carter Sep 18
Constellation Software handed the keys to Empower, Optimal Blue
To satisfy antitrust regulators, ICE divests itself of Black Knight's loan origination and mortgage pricing business, but gets access to mortgage loan servicers and MLSs in $11.9B merger
by Matt Carter Sep 15
VC-backed Roam seeks to connect buyers to assumable mortgages
In theory, all government-backed FHA, VA and USDA loans are assumable, and with mortgage rates at levels not seen in two decades, interest in this little-used option has been growing
by Matt Carter Sep 13
Bond market investors convinced Fed won't hike rates next week
Demand for purchase loans picks up slightly, and mortgage rates continue to remain below 2023 peaks, as latest inflation data out Wednesday doesn't ruffle investors who fund most mortgages
by Matt Carter Sep 13
California homebuyers will finally get the option to close virtually
Although the timeline is uncertain, the nation's most populous state is on track to fall in line with 44 others that allow online notarization, a process that can speed real estate closings
by Matt Carter Sep 12
Divvy Homes letting 95 employees go, including senior managers
The third round of layoffs in the last 12 months takes effect Nov. 7 and affects employees in 21 states, including Divvy's chief legal officer, vice president of compliance and head of design
by Matt Carter Sep 11