Tag Archives: mortgage

Ocwen is doubling down on PHH Mortgage’s loan originations

By Matt Carter | April 26, 2021 - 3:10 pm |April 26, 2021 Uncategorized

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Acquisition of Texas Capital Bank’s correspondent lending business is expected to double the channel’s volume for PHH Mortgage. Continue reading →

Mat Ishbia and his journey to become a top mortgage executive

By Kelsey Ramírez | April 26, 2021 - 2:58 pm |April 26, 2021 Uncategorized

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United Wholesale Mortgage CEO Mat Ishbia shares what his life was like growing up, and how he became one of the wealthiest mortgage executives in the U.S. Continue reading →

Purchase mortgage originations to hit a new record in 2021

By Kelsey Ramírez | April 22, 2021 - 5:52 pm |April 22, 2021 Uncategorized

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The MBA announced Thursday at its Spring Conference and Expo 2021 that purchase originations are on track to grow 16.4 percent to a new record of $1.67 trillion in 2021. Continue reading →

Mortgage rates drop below 3% for first time in months

By Kelsey Ramírez | April 22, 2021 - 2:53 pm |April 22, 2021 Uncategorized

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Average mortgage rates for a 30-year fixed rate mortgage dropped to 2.97 percent for the week ending April 22, according to Freddie Mac’s Primary Mortgage Market Survey. Continue reading →

To reach borrowers, servicers need to speak their language: MBA panel

By Kelsey Ramírez | April 22, 2021 - 1:54 pm |April 22, 2021 Uncategorized

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Servicers must be empathetic, acknowledging to begin the conversation, a panel of experts at the Mortgage Bankers Association’s Spring Conference and Expo said on Wednesday. Continue reading →

Half a million homeowners got current on their mortgage in March

By Kelsey Ramírez | April 22, 2021 - 4:00 am |April 22, 2021 Uncategorized

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As the economy improved, tax returns came in and homeowners received stimulus payments, the mortgage delinquency rate dropped, according to Black Knight. Continue reading →

Don’t @ me: @properties sues @mortgage, alleges ‘free riding’ on brand

By Andrea V. Brambila | April 21, 2021 - 8:46 pm |April 21, 2021 Uncategorized

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Alleging “free riding” on brand, real estate brokerage @properties seeks injunction and payment of profits gained through alleged “unlawful conduct” against digital mortgage rival. Continue reading →

Google rolls out AI platform for mortgage lenders

By Matt Carter | April 21, 2021 - 6:28 pm |April 21, 2021 Uncategorized

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Google Cloud rolled out Lending DocAI in preview mode last fall with Roostify, a provider of digital mortgage solutions to lenders, on board as a strategic partner. Continue reading →

FHFA extends COVID lending flexibilities for final time

By Kelsey Ramírez | April 21, 2021 - 3:39 pm |April 21, 2021 Uncategorized

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The Federal Housing Finance Agency announced on Wednesday it will retire flexibilities after this final extension due to low usage. Continue reading →

Interest rate drop drives sudden surge in housing activity

By Kelsey Ramírez | April 21, 2021 - 2:03 pm |April 21, 2021 Uncategorized

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Mortgage applications increased 8.6 percent on a seasonally adjusted basis for the week ending April 16, 2021, according to the Mortgage Bankers Association. Continue reading →