With listings scarce and refinancings sluggish, the strategy of partnering with homebuilders to form joint ventures like Onx X+ Mortgage is to grow loanDepot’s purchase loan business. Continue reading
Partner in Ridgeland Mortgage, Smith Douglas Homes, went public in January and targets price-conscious entry-level and empty-nest homebuyers in the South and Southeast. Continue reading
The troubled lender has shed 5,200 workers through layoffs and attrition and is instituting other cost-cutting measures aimed at trimming $400 million in annual expenses by the end of the year. Continue reading
NHC Mortgage will offer home loans in Florida, Iowa and North Carolina, with plans to expand to nine other states in 2023. Continue reading
OriginPoint will provide origination services to consumers in select Compass markets by the end of 2021, marking the brokerage’s latest move toward an end-to-end transaction. Continue reading