Investors see a September rate cut as a certainty, but the latest inflation data suggests recession fears are overblown and the Fed will start out with a modest, 25-basis point reduction. Continue reading
Kiavi has packaged up more than $5.1 billion in “residential transition loans” for sale to investors. The latest deal — the first to be evaluated by a credit rating agency — was oversubscribed and bumped up to $400 million. Continue reading
After growing its agent count by 12 percent to 12,224, the flat-fee brokerage says it’s poised for continued growth with new commission plans that pay agents a percentage of revenue generated by the agents they recruit. Continue reading
Franchise sales have slowed, and some existing franchisees have canceled their agreements, but Motto Franchising President Ward Morrison expects growth to resume when lending picks up. Continue reading
Cloud banking software provider maintains steady growth in consumer banking revenue, while reversing the decline in its main line of business of providing services to mortgage lenders. Continue reading
Austin, Texas-based fintech’s flagship product, “The Trade-In Mortgage,” helps homebuyers make non-contingent offers and removes their current house from debt-to-income calculation. Continue reading
Digital mortgage lender boosted second quarter loan production by 45 percent and says it’s on track to originate more than $1 billion in mortgages in Q3 for the first time in two years, but losses continue to mount. Continue reading
The big drop in mortgage rates did more to spur refinancing than homebuying, according to a weekly survey of lenders by the Mortgage Bankers Association, and now rates are rising again. Continue reading
Fannie Mae survey shows would-be homebuyers grew even more frustrated with elevated home prices and mortgage rates in July, but 7 in 10 didn’t think mortgage rates would come down. Continue reading
Pending $25 million settlement of January cyberattack adds to $66 million second-quarter net loss, but executives say they’re in a better position to grow after selling $29 billion in mortgage servicing rights. Continue reading