Tag Archives: mortgage

Rocket says it could close Redfin acquisition as soon as this quarter

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Home loan giant boosts Q1 mortgage production by 7 percent, to $21.6 billion, says Redfin and Mr. Cooper acquisitions remain on track to close this year. Continue reading →

Investors cheer as Guild grows Q1 mortgage originations by 35%

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Shares in Guild Holdings gain 10 percent as investors recognize $23.9 million net loss for the quarter was driven by a $70 million writedown in the fair value of Guild’s mortgage servicing rights portfolio. Continue reading →

Move-up homebuyers drive surge in mortgage loan applications

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Purchase loan demand was up 11 percent last week, with “surprisingly strong” demand from conventional loan borrowers given lingering economic uncertainty, MBA economist Mike Fratantoni says. Continue reading →

A June rate cut is now seen as off the table as Fed stays put

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Central bank policymakers need time to assess Trump administration’s “substantial policy changes” in areas including tariffs, immigration, taxation and regulations Continue reading →

LoanDepot boosts lending and profit margins, trims Q1 loss

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Company founder Anthony Hsieh, who returned to the executive leadership team in March, says investments in technology, connections to real estate agents and joint ventures with homebuilders will help it scale. Continue reading →

UWM shrugs off $241M Q1 net loss on loan servicing writedown

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Executives put a positive spin on prospects for growth, with loan origination volume up 17 percent from a year ago to $32.4 billion and revenue up 5 percent to $613.4 million. Continue reading →

Evergreen Home Loans pursuing national expansion strategy

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Bellevue, Washington-based Evergreen hires Wells Fargo and Bank of America veteran Andrew Leff as head of national business development as it continues to expand beyond its roots as a regional independent mortgage bank. Continue reading →

Fannie, Freddie regulator issues dozens of orders out of public eye

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FHFA Director Bill Pulte tells ‘crypto influencer’ he’s signed more than 80 orders revamping policies and procedures at the mortgage giants, only 12 of which have been made public. Continue reading →

Shrinking economy bolsters the case for a June Fed rate cut

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Advance GDP reading suggests the economy shrank by 0.3 percent during Q1, as a rush by businesses to import goods before tariffs took hold and government spending cuts dented growth. Continue reading →

UWM expands its Rocket rivalry into mortgage loan servicing

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Long-term agreement with ICE Mortgage Technology will help nation’s largest mortgage lender bring $242 billion loan servicing portfolio in-house to boost repeat business and referrals. Continue reading →