Mortgage giant claims lenders who embrace automation enjoy fewer loan defects and cut loan production time and cost compared to lenders with lower technology utilization. Continue reading
Investors bid up shares of mortgage lenders and real estate companies after “relatively benign” CPI report ends speculation that inflation worries might force the Fed to raise rates this year. Continue reading
In addition to subtle tweaks to the company’s logo and other details, brand revamp is aimed at positioning Rocket as a fintech platform supporting an ‘end-to-end homeownership experience.’ Continue reading
Executives and employees of the combined company will continue to serve a nationwide footprint as Go Mortgage, which is hiring retail branch managers and loan originators. Continue reading
Valued at $2 billion in 2021 Series D funding round, rent-to-own company Divvy Homes had endured several rounds of layoffs before launching a subscription-based credit building service last year. Continue reading
Marshall will take over for Xome CEO Mike Rawls when he retires on June 30, with the two working together until then to ensure a smooth transition at the foreclosure auction site, executives said. Continue reading
Investors who fund most home loans are now convinced that the Federal Reserve won’t cut rates again until June after employers add 256,000 jobs in December. Continue reading
Ally, which originated $1 billion in mortgages in 2023 through a partnership with Better and is an investor in the company, is laying off hundreds of employees. Continue reading
After four consecutive quarters of declines, Motto Mortgage had 225 open offices at the end of 2024, down 8 percent from last year’s peak of 246. Continue reading
With mortgage rates back to where they were last summer, purchase applications are coming in at the slowest pace since February 2024, Mortgage Bankers Association lender survey finds. Continue reading