LoanDepot narrows Q2 loss on spring mortgage demand
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
by Matt Carter Aug 8
Rocket back in the black after boosting purchase market share
Detroit-based mortgage giant returned to profitability during the spring homebuying season by slashing costs and boosting its market share in the face of severe inventory shortages
by Matt Carter Aug 4
Mr. Cooper's share price soars with $1T servicing portfolio in sight
Thanks to its Home Point Capital acquisition and other pending transactions, the loan servicing giant delivered upbeat Q2 results Wednesday and expects to hit a $1 trillion target by year's end
by Matt Carter Jul 26
Mr. Cooper lays out path to $1T mortgage servicing rights portfolio
Rising mortgage rates have many lenders looking to sell servicing rights, creating opportunity for Dallas-based company that now collects payments on $870B in loans
by Matt Carter Feb 10
EXCLUSIVE: MooveGuru acquires relocation competitor Relocator
The deal was inked for 'eight figures' and brings to MooveGuru a number of substantial mortgage marketing partnerships, according to news sent exclusively to Inman
by Craig C. Rowe Feb 3
Hints of more layoffs loom at Mr. Cooper as profits wane in Q3
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
by Matt Carter Oct 28
Mortgage demand flattens as rates make another run toward 6%
No sign of a rebound in purchase applications, but August data showing a strong job market 'should support housing demand,' MBA economist says
by Matt Carter Sep 7
Loan applications for home purchases continue 6-week slip
Purchase loan activity has dropped in 5 of the last 6 weeks as some buyers remain wary, according to the Mortgage Bankers Association
by Daniel Houston Aug 11
Will lower mortgage rates revive homebuyer demand?
The largest weekly decline in mortgage rates since 2020 sparks increase in home loan applications after 4 weeks of declining demand, MBA's survey says
by Matt Carter Aug 3
Rate Drop Advantage program offers homebuyers a break on refis
If rates come down in the next 3 years, Rocket Mortgage's program will cover some refinancing costs including first appraisal, credit report, tax certification, and mortgage recording fee
by Matt Carter Jul 27
As rates rose, demand for mortgages dwindled every month in Q2
Rising rates took their toll not only on refinancing but on homebuyer demand for purchase loans in June, according to an analysis of rate lock data released Monday by Black Knight
by Matt Carter Jul 10
Mortgage demand drops to 22-year low as rates rebound: MBA survey
As Fed embarks on 'quantitative tightening' to trim $9 trillion balance sheet, interest rates could come under renewed pressure
by Matt Carter Jun 8
Homebuyers showing 'some resiliency' to higher rates
Demand for purchase mortgages increases for a second week in a row, but borrowers are increasingly turning to adjustable-rate loans
by Matt Carter May 11
LoanDepot to lay off workers as originations plunge 48%
Mortgage lender suspends its quarterly dividend after posting a $91.3 million first quarter loss
by Matt Carter May 10
Homebuyer demand for mortgages 'consistent and resilient' in April
Lenders saw much of what was left of their refinancing business evaporate as rates climbed to their highest levels in nearly 13 years
by Matt Carter May 8