Tag Archives: mortgage

The Agency adds New American Funding as a preferred lender

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NAF offers multiple partnership models, including a joint venture option the mortgage lender launched in April that’s overseen by industry veteran Al Miller. Continue reading →

Rocket taps veteran fintech exec Varun Krishna as next CEO

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Changing of the guard demonstrates mortgage is just one component of a larger fintech strategy, with former Intuit, PayPal exec set to succeed interim CEO Bill Emerson on Sept. 5. Continue reading →

Mortgage delinquency fell to an all-time low in May: Data

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For the month of May, 2.6 percent of all mortgages in the U.S. were in some stage of delinquency, a 0.1 percent decrease from the levels seen a year before, according to data from CoreLogic. Continue reading →

After pausing in June, Fed hikes rates to highest level since 2001

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Federal Reserve policymakers keep their options open for another rate hike in September, but futures markets investors and some economists think the Fed is probably done hiking rates. Continue reading →

Mr. Cooper’s share price soars with $1T servicing portfolio in sight

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Thanks to its Home Point Capital acquisition and other pending transactions, the loan servicing giant delivered upbeat Q2 results Wednesday and expects to hit a $1 trillion target by year’s end. Continue reading →

Will the second quarter of 2023 match real estate’s Q1 meltdown?

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Major real estate companies began reporting Q2 earnings this week against a backdrop of high rates, low inventory and a sluggish economy. Analysts shared what they’re watching with Intel. Continue reading →

Demand for mortgages wanes as rates plateau near 2023 highs

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A decrease in applications for FHA loans popular with first-time homebuyers helped push the average purchase loan application to $432,700, according to the latest MBA lender survey. Continue reading →

Far Homes new financing tool helps Mexico seem much closer

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The marketplace for properties south of the border will now offer the value of linking aspiring owners with the people and processes involved with financing homes in the very popular U.S. second-home destination, the company said. Continue reading →

Anywhere vet Simon Chen is new CEO of bridge loan provider Arrival

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The San Francisco-based startup lets homeowners tap their equity to obtain bridge loans and submit a “cash-equivalent offer” on their next home. Continue reading →