Tag Archives: mortgage

Trump nominates homebuilder scion to oversee Fannie, Freddie

By | | Uncategorized
Comments Off on Trump nominates homebuilder scion to oversee Fannie, Freddie

The grandson of PulteGroup founder William J. Pulte, Bill Pulte is a private equity CEO, philanthropist and Trump loyalist with 3 million followers on X. Continue reading →

FTC warns of massive spoofing op impersonating mortgage lenders

By | | Uncategorized
Comments Off on FTC warns of massive spoofing op impersonating mortgage lenders

“Green Mirage” phone scam targets homeowners in all 50 states from India, using the caller ID of the borrower’s actual mortgage lender and tricking victims into making payments to U.S.-based “mules.” Continue reading →

MyCUmortgage signed 18 credit unions as new clients in 2024

By | | Uncategorized
Comments Off on MyCUmortgage signed 18 credit unions as new clients in 2024

With three new clients signed in Q4, the credit union onboarded as mortgage partners in 2024 represent more than 421,000 members and $6.76 billion in assets. Continue reading →

Freddie Mac deepens integrations with ICE’s Encompass platform

By | | Uncategorized
Comments Off on Freddie Mac deepens integrations with ICE’s Encompass platform

Mortgage giant claims lenders who embrace automation enjoy fewer loan defects and cut loan production time and cost compared to lenders with lower technology utilization. Continue reading →

Mortgage rates ease on benign December inflation report

By | | Uncategorized
Comments Off on Mortgage rates ease on benign December inflation report

Investors bid up shares of mortgage lenders and real estate companies after “relatively benign” CPI report ends speculation that inflation worries might force the Fed to raise rates this year. Continue reading →

Go Mortgage and PacRes seek economies of scale in merger

By | | Uncategorized
Comments Off on Go Mortgage and PacRes seek economies of scale in merger

Executives and employees of the combined company will continue to serve a nationwide footprint as Go Mortgage, which is hiring retail branch managers and loan originators. Continue reading →

Mr. Cooper veteran Chris Marshall tapped to run Xome marketplace

By | | Uncategorized
Comments Off on Mr. Cooper veteran Chris Marshall tapped to run Xome marketplace

Marshall will take over for Xome CEO Mike Rawls when he retires on June 30, with the two working together until then to ensure a smooth transition at the foreclosure auction site, executives said. Continue reading →

Strong December jobs report pushes mortgage rates higher

By | | Uncategorized
Comments Off on Strong December jobs report pushes mortgage rates higher

Investors who fund most home loans are now convinced that the Federal Reserve won’t cut rates again until June after employers add 256,000 jobs in December. Continue reading →

Ally Financial’s exit from mortgage will impact Better, HouseCanary

By | | Uncategorized
Comments Off on Ally Financial’s exit from mortgage will impact Better, HouseCanary

Ally, which originated $1 billion in mortgages in 2023 through a partnership with Better and is an investor in the company, is laying off hundreds of employees. Continue reading →