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
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
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
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
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
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
No sign of a rebound in purchase applications, but August data showing a strong job market 'should support housing demand,' MBA economist says
Purchase loan activity has dropped in 5 of the last 6 weeks as some buyers remain wary, according to the Mortgage Bankers Association
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
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
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
As Fed embarks on 'quantitative tightening' to trim $9 trillion balance sheet, interest rates could come under renewed pressure
Demand for purchase mortgages increases for a second week in a row, but borrowers are increasingly turning to adjustable-rate loans
Mortgage lender suspends its quarterly dividend after posting a $91.3 million first quarter loss
Lenders saw much of what was left of their refinancing business evaporate as rates climbed to their highest levels in nearly 13 years