Tag Archives: mortgage

Mortgage trends reflect a diversifying America: Redfin

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Rising population rates and a shrinking racial wealth gap have led to a rise in new mortgage applications among homebuyers of color, according to Redfin’s latest report. Continue reading →

Rocket Mortgage picks up market share — and turns a tidy Q1 profit

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On its quest to reclaim the title of nation’s biggest mortgage lender, Rocket didn’t sacrifice profits, generating $291 million in net income as revenue grew 107 percent from a year ago, to $1.38 billion. Continue reading →

Rates ease as Fed says it will dial back balance sheet tightening

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Federal Reserve policymakers say they’ll slow the pace of “quantitative tightening” to $40 billion a month, less than half the pace envisioned 2 years ago. Continue reading →

Faith in NYCB restored, but worries about some regional banks remain

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Wall Street investors believe promises made by new leadership of New York Community Bancorp, but concerns about the impact of interest rates and commercial lending on regional banks remain. Continue reading →

Mortgage tech provider Blend gets $150M private equity cash injection

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The struggling loan technology provider will use an influx of cash from Haveli Investments to pay off the debt it took on to get into the title insurance business by acquiring Title365 in 2021. Continue reading →

Ocwen agrees to settle decade-long suit over BPO, valuation fees

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Up to 330,377 homeowners from whom Ocwen collected mortgage payments could be eligible to claim refunds of $60 per broker price opinion and $70 per hybrid valuation Continue reading →

Top New Jersey loan mortgage originator charged with fraud

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Mortgage fraud scheme allegedly listed investors as homeowners to secure lower interest rates, prosecutors allege in criminal complaint against “Team Gallo” leader and his assistant. Continue reading →

Fed’s ‘higher for longer’ gambit may yet cool home price gains

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Fannie Mae and MBA economists are now in agreement that mortgage rates will come down only gradually this year and next but that home price appreciation will slow. Continue reading →

Maxwell’s AI tool probes inner workings of mortgage lending

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Mortgage lenders using AskMax no longer need to be database engineers. They can ask for — and receive — business intelligence in plain English. Continue reading →