Tag Archives: mortgage

Homebuyers made hay while mortgage rates were down

By Matt Carter | March 13, 2024 - 6:33 pm |March 13, 2024 Uncategorized

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Purchase loan applications surged for the second week in a row last week, but now rates are headed back up as worrisome inflation data casts doubts on timing of Fed rate cuts. Continue reading →

Guild Mortgage shrugs off 2023 loss as it pursues acquisitions

By Matt Carter | March 13, 2024 - 3:06 pm |March 13, 2024 Uncategorized

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The San Diego-based lender has completed five acquisitions in the past 18 months, unfazed by a 21 percent drop in mortgage originations and $39.1 million 2023 net loss. Continue reading →

LoanDepot trims 2023 net loss by 37%, retains ‘strong liquidity profile’

By Matt Carter | March 12, 2024 - 10:05 pm |March 12, 2024 Uncategorized

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As mortgage rates soared last year, loanDepot saw 2023 loan origination volume plunge by 58 percent from the year before, to $22.7 billion. Continue reading →

Mortgage tech provider Polly launches new intelligence platform

By Matt Carter | March 12, 2024 - 9:02 pm |March 12, 2024 Uncategorized

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Lender Intelligence harnesses advanced data science and machine learning tools to give lenders a holistic view of their business and the wider competitive landscape. Continue reading →

UWM raises more than $1B by tweaking mortgage servicing

By Matt Carter | March 12, 2024 - 1:24 pm |March 12, 2024 Uncategorized

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Nation’s largest mortgage lender trims its servicing portfolio by nearly one-fourth, selling $70 billion in mortgage servicing rights for $941.2 million. Continue reading →

Housing Secretary Marcia Fudge stepping down March 22

By Matt Carter | March 11, 2024 - 8:56 pm |March 11, 2024 Uncategorized

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The surprise announcement comes as the Biden administration rolls out a $7.3 trillion budget proposal that would provide $258 billion to expand access to affordable housing. Continue reading →

Biden’s relaxed new Freddie, Fannie refi requirements irk title industry

By Matt Carter | March 11, 2024 - 1:56 pm |March 11, 2024 Uncategorized

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In a pilot program announced last week, the Biden administration cleared the way for Fannie Mae and Freddie Mac to let some homeowners refinance mortgages without paying for title insurance. Continue reading →

This first-time homebuyer program is like winning the lottery

By Matt Carter | March 7, 2024 - 10:10 pm |March 7, 2024 Uncategorized

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California to use lottery system to allocate $220 million in “Dream for All” shared appreciation loans that cover down payments for first-time homebuyers. Continue reading →

Homebuyers sit up and take notice as mortgage rates fall

By Matt Carter | March 6, 2024 - 8:40 pm |March 6, 2024 Uncategorized

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Purchase loan applications jump by a seasonally adjusted 11 percent after five consecutive weeks of declines as mortgage rates continue to retreat from 2024 highs. Continue reading →

Argyle sees path to profitability with $30M Series C raise

By Matt Carter | March 5, 2024 - 10:29 pm |March 5, 2024 Uncategorized

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Integrations helped the income and employment data provider grow its mortgage customer base and attract backing from Rockefeller Asset Management’s Fintech Innovation Fund. Continue reading →