Shares in the Hubzu operator touched a new 52-week low Friday as the company released details of a plan to pay off a portion of its nearly $200M debt burden by issuing up to 4.6M shares
Merger with Roscoe State Bank means the Houston-based company's loan officers are now federal mortgage loan originators who can offer purchase loans and refinancing in 37 states
San Diego-based BluPeak is the 9th credit union Black Knight has signed to use its mortgage loan origination system in the last 12 months
Mr. Cooper, which had 8,200 employees at the end of last year, laid off 250 workers from its lending business during the first quarter and announced another 420 layoffs in June
With rising mortgage rates drastically curtailing lending, Rocket Mortgage saw third-quarter mortgage originations plummet by 73% from a year ago, to $23.7B
While growing loan servicing business remains profitable, according to Q3 earnings, paper gains on servicing rights could evaporate if interest rates fall and borrowers refinance out of portfolio
The lender plans to boost revenue by growing purchase loan business and loan servicing portfolio, with digital HELOC also in the works, according to a second-quarter earnings call
J.D. Power's annual Mortgage Servicer Satisfaction Study finds customer satisfaction is 26% higher when mortgages are originated and serviced by the same company
The Arkansas-based lender will use Sagent’s servicing solutions to collect monthly payments from borrowers and manage loans when homeowners get behind on their payments
Lender hopes to cut up to $400M in annual expenses and become profitable by the end of the year, after rising mortgage rates gut profitable refinancing business
Investors warned of 'break even' second quarter as rising mortgage rates put a bigger-than-expected dent in loan originations
Sale of Xome subsidiary could be in the works as lenders boost foreclosure filings and auction platform's distressed property inventory swells to record levels
In a coup for Black Knight, the deal is the latest in a growing trend as lenders see servicing as a way to smooth out revenue and retain past customers when they refinance or buy their next home
Pittsburgh-based Clearview Federal Credit Union partners with Sagent to bring its mortgage servicing business in-house. The company has announced several similar deals in months past
'Bank-on-your-phone experience' lets consumers manage entire homeownership lifecycle from any device