Author Archives: Matt Carter

Institutional investors are scooping up Kiavi’s ‘fix and flip’ bridge loans

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Kiavi upsizes its 16th securitization to $350 million and says largest deal since November 2021 brings total issuance since 2019 to $4 billion. Continue reading →

Shares in Rocket up after hours as investors roll with $233M Q4 loss

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Mortgage giant reports positive adjusted earnings for the third consecutive quarter, “despite some of the most difficult industry conditions in three decades,” CEO Varun Krishna says.  Continue reading →

Ransomware group claims it was behind loanDepot cyberattack

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The FBI has developed a decryption tool to combat the ALPHV/Blackcat ransomware variant, and authorities are offering $15 million in rewards to stop the group. Continue reading →

Rising mortgage rates taking a big bite out of homebuyer demand

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Applications for purchase loans plummeted by a seasonally adjusted 10 percent last week, according to a survey of lenders by the Mortgage Bankers Association. Continue reading →

Jungo and Homebot team up to cultivate mortgage prospects

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Integration of Jungo’s CRM solution with Homebot lets mortgage loan officers share real-time data and insights into market trends, interest rates and property values with prospective clients. Continue reading →

Truv aims to grow mortgage client base with new integrations

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More lenders can access Truv’s income and employment verification services following recent integrations with Dark Matter Technologies, Freddie Mac and nCino. Continue reading →

New-home sales off to a roaring start with record January bump

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Loan applications for new-home purchases were up 19 percent from a year ago in January, according to an MBA survey of builders that’s been an accurate predictor of trends. Continue reading →

Strength in home prices helped boost Fannie, Freddie 2023 profits

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With a combined net worth of $125 billion after earnings this week, the mortgage giants remain on a path that could lead to eventual release from government conservatorship if political winds shift. Continue reading →