Tag Archives: mortgage lending

UHM adds $1B in lending capacity with NRL Mortgage acquisition

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Houston-based Nations Reliable Lending, which does business as NRL Mortgage, sponsors 44 mortgage loan originators working out of 27 branch locations in 10 states. Continue reading →

Wells Fargo is about to emerge from the regulatory woods

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Once the nation’s largest home lender, Wells Fargo could be poised for a comeback in the mortgage business this year as it continues to make progress in addressing regulators’ concerns about its past practices. Continue reading →

Go Mortgage and PacRes seek economies of scale in merger

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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 →

Rocket says AI helping it grow capacity and keep expenses flat

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With second quarter net income up 28 percent to $178 million, CEO Varun Krishna says Rocket is making “significant investments in data leadership and infrastructure.” Continue reading →

To mortgage or not to mortgage? That is the question (for brokers)

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HomeLight CEO Drew Uher says he’s glad to be out of the mortgage business. Fathom CEO Marco Fregenal sees value of being in lending “in a very selective way.” Continue reading →

Rocket stays profitable in Q3 but still in the red for the year

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Cost-cutting helped the mortgage lending giant rack up its second consecutive profitable quarter, but at $61.45 billion, mortgage originations for the year to date are down 46 percent from a year ago. Continue reading →

Real acquires lending arm of LemonBrew Technologies

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Agents working under the banner of The Real Brokerage can now extend mortgage services to their clients as a result of the company’s acquisition of LemonBrew Lending. Continue reading →

Berkshire Hathaway-owned lender settles redlining case with DOJ

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This case is the first-ever redlining settlement against a mortgage company and the second-largest such settlement in DOJ history. Continue reading →

LoanDepot originator’s email to Realtor ignites blowback

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A mortgage originator with loanDepot in California tried to poach a Realtor that had worked with a mortgage broker on multiple transactions, the company confirmed to Inman after an email detailing the allegations was made public. Continue reading →

Fair lending policy director faces accusations of racism in blog post

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A high-ranking policy director at the Consumer Financial Protection Bureau (CFPB) responsible for overseeing fair lending practices is under fire for a racially charged blog post. Continue reading →