United Wholesale Mortgage, the nation's largest lender, also raised refinancing volume by 23% after being hammered by higher interest rates, according to Q2 earnings released Wednesday
At $4.55B, loanDepot's Q2 purchase loan originations were up 30% from Q1, thanks in part to the seasonal boost provided by spring homebuyers, but down 52% from a year ago
So you've decided to join us at Inman Connect Las Vegas. Bravo! Here's a day-by-day breakdown of the conference along with some tidbits to get the most out of your week in Sin City
Former Keller Williams Realty exec's startup enables virtually any mortgage lender to emulate programs offered by bigger rivals, such as Rocket Mortgage, loanDepot and Better
CEO Frank Martell recruits former CoreLogic colleague David Hayes and streamlines management ranks as losses pile up and mortgage originations hit another new low
Settlement agreement ends proxy fight that broke out in February after loanDepot founder Anthony Hsieh was ousted as company's executive chairman
$2.7B deal does not include about $4B in crypto-related deposits held by the former Signature Bank's digital-assets banking business, according to the Federal Deposit Insurance Corp
Struggling mortgage lender also assures investors that it has moved $225M in cash it held at Signature Bridge Bank to another institution
Bank failures and slowdown in wage growth have forecasters thinking the Federal Reserve will back off from aggressive rate hike campaign when it meets next week
After being ousted as executive chair, Hsieh says he controls enough voting shares to install veteran real estate executive Steve Ozonian on the mortgage lender's board of directors
Beleaguered mortgage lender racks up a $610.4M 2022 net loss despite cutting 6,100 jobs as rising mortgage rates cut into the company's lucrative refinancing business
Companies say that instead of laying off workers, they're trimming their payrolls through attrition or by offering voluntary buyouts
Founder and former CEO in public spat with board after nominating real estate veteran Steve Ozonian to serve on the floundering mortgage lender's board of directors
Buyers can put as little as 5% down when taking out a new construction loan, with 1 closing and an optional float-down to secure a lower interest rate, according to United Wholesale Mortgage
The industry dodged a meltdown, but skyrocketing mortgage rates fueled a rush to 'right size' and helped crown a new leader in mortgage lending