Tag Archives: mortgage

NAR settlement may disrupt mortgage partner agent programs

By Matt Carter | March 18, 2024 - 7:04 pm |March 18, 2024 Uncategorized

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If homebuyers are no longer willing to pay full commissions, what happens to lender programs that incentivize consumers to work with partner real estate agents? Continue reading →

Fathom Realty added 1,425 agents after raising fees last year

By Matt Carter | March 14, 2024 - 9:40 pm |March 14, 2024 Uncategorized

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Fathom posted a $24 million annual loss during a Q4 and 2023 earnings call Thursday afternoon, with executives saying the brokerage’s transaction volume dropped less than the industry overall. Continue reading →

Surging mortgage rates gain momentum on new inflation data

By Matt Carter | March 14, 2024 - 8:13 pm |March 14, 2024 Uncategorized

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Mortgage rates push back through 7 percent as more worrisome inflation data puts to rest any lingering hopes for a Federal Reserve rate cut this spring. Continue reading →

Title technology provider Doma posts $124M 2023 net loss

By Matt Carter | March 13, 2024 - 9:53 pm |March 13, 2024 Uncategorized

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CEO Max Simkoff says the company is well positioned to help lenders take advantage of the Biden administration’s push to reduce closing costs for mortgage borrowers. Continue reading →

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 →