A basketball just missing the basket
Deal that values Suns and Mercury at $4B sets the stage for nation's largest mortgage lenders, United Wholesale Mortgage and Rocket Mortgage, to be court rivals
by Matt Carter Dec 21
Wells Fargo paying $3.7B to settle mortgage, auto loan allegations
Federal regulators allege bank improperly denied thousands of mortgage loan modifications over at least 7 years, in some cases leading customers to lose their homes
by Matt Carter Dec 20
The Real Brokerage closes deal to acquire LemonBrew Lending
This year's acquisitions of LemonBrew Lending and Expetitle pave the way for the company to provide end-to-end services to homebuyers in many markets
by Matt Carter Dec 9
First Community Mortgage recognized for ethical practices
Subsidiary of First Community Bank of Tennessee announced Midwest expansion in October and has also been recognized for its efforts to reach a diverse population of borrowers
by Matt Carter Nov 30
Survey: Mortgage lenders missing chance to build trust with borrowers
JD Power warns that the mortgage customer experience is increasingly commoditized, with few lenders finding the right formula to be seen as trusted advisers
by Matt Carter Nov 10
The Real Brokerage picks up 90 agents with Redline acquisition
Publicly traded real estate company The Real Brokerage has expanded its footprint in Canada with the acquisition of the 90-agent Redline Real Estate Group
by Craig C. Rowe Nov 7
Mr. Cooper announces third round of layoffs affecting 800 workers
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
by Matt Carter Nov 3
Rocket's profits down 93% as mortgage originations fall
With rising mortgage rates drastically curtailing lending, Rocket Mortgage saw third-quarter mortgage originations plummet by 73% from a year ago, to $23.7B
by Matt Carter Nov 3
Rocket's new loyalty program furthers lender's fintech strategy
After initial focus on mortgages, 'Rocket Rewards' will be expanded to provide discounts on other 'ecosystem' offerings including personal loans and solar panels
by Matt Carter Nov 2
Knox Financial converts owners to landlords with this one cool trick
Knox Certainty is a program in which the company becomes the lessee to its homeowner client to augment their ability to qualify for the mortgage on the next home
by Craig C. Rowe Oct 17
Keller Mortgage implements third round of layoffs in past 12 months
Keller Williams’ lending arm is advertising seven positions online including openings for an area sales manager, an 'elite loan officer' and four local loan officers
by Matt Carter Oct 6
Ribbon expands footprint in Arkansas, Colorado and Illinois
In Hot Springs, Arkansas, Ribbon will work with agents at Crye-Leike, which also partnered with Ribbon when it launched services in Alabama
by Matt Carter Oct 5
Rocket promotes from within, names new CFO and general counsel
Brian Brown and Tina John are tapped to fill openings created by the retirement of two top executives, Julie Booth and Angelo Vitale
by Matt Carter Oct 4
Mortgage company Cornerstone Home Lending is now a bank
The acquisition and merger with Roscoe State Bank pave the way for the lender to provide new products, services and resources through advanced technologies
by Matt Carter Oct 3
WEST adopts name of flagship product MyHome in rebrand
Williston Financial Group subsidiary Williston Enterprise Solutions and Technology establishes an independent identity for MyHome collaboration platform it launched in 2015
by Matt Carter Sep 30