Legislation expected to go into effect April 1 addresses allegedly deceptive tactics employed by MV Realty and was based on a model bill drafted by American Land Title Association. Continue reading
After three straight weeks of declines in mortgage applications, demand for purchase loans remains at the lowest level since 1995 for the second week in a row. Continue reading
CEO Mat Ishbia says aggressive “Game On” pricing is still in place, but acknowledges wholesaler is seeking to boost profit margins in 2023. Continue reading
Rocket reported a $493 million fourth-quarter net loss even after slashing expenses by $202 million from the third quarter as revenue fell 81 percent from a year ago to $481 million. Rocket executives say they’re focused on growing the company’s share … Continue reading
The company’s $17.6 million in fourth-quarter net earnings represented a 71 percent decline from a year ago. Black Knight books $452.5 million in 2022 profits, up 118 percent from 2021 with revenue climbing 5 percent to $1.55 billion. Continue reading
Through Better’s Equity Unlocker program, borrowers pay a higher interest rate and Better can seize pledged shares if homeowners default or try to sell their stock before paying off their mortgages. Continue reading
New API integration allows lenders to generate tailored marketing materials that include rate, monthly payment and APR based on unique borrower details. Continue reading
The Federal Trade Commission is not convinced that Black Knight’s plans to spin off its Empower loan origination system allays antitrust concerns, “Politico” reports. Continue reading
By one measure, the mortgage giants have built up two-thirds of the reserves needed for them to be released from government conservatorship. Continue reading
The bank says it has racked up $353 million in severance expenses as it closes branches and pursues a “more focused home lending business.” Continue reading