The lender’s latest move recognizes digital asset wealth within established mortgage risk and compliance frameworks
A major player in correspondent lending, Pennymac is looking to provide more loans directly to consumers through a strategic partnership and investment in mortgage software provider Vesta
Deal gives the nation's biggest provider of riskier 'non-QM' mortgages additional capacity to offer more traditional loans backed by Fannie Mae and Freddie Mac, FHA, VA and USDA
Demand for purchase mortgages has picked up in 5 out of the past 6 weeks, and applications to refinance have roared back, jumping 27% from a year ago, MBA survey shows
Non-QM lender has kept the doors open by slashing costs and repositioning its retail consumer direct channel, CashCall Mortgage, to be a mortgage broker
Parent company Home Point Capital to take an equity stake in The Loan Store, with Homepoint executive Phil Shoemaker to be installed as CEO when the deal closes by end of Q2
Rising mortgage rates are prompting some lenders to downsize to adapt to changing market conditions. But the market shift is also expected to drive mergers and acquisitions
Investment management firm acquired nonbank mortgage lender First Guaranty Mortgage as part of broader strategy to serve lower end of market
Non-QM lender fires three-quarters of its workforce, saying it's experienced 'significant operating losses and cash flow challenges' and has been unable to obtain funding
Opinion
Big banks are waiting for their opportunity to replace you