Tag Archives: mortgage

Fairway loses 8 California branches to rival Guild Mortgage

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The defection of former Fairway division manager John Lowe and 40 colleagues who originated $350 million in loans last year “is equal to that of a mini acquisition.” Continue reading →

Legislation aimed at banning mortgage trigger leads is back

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Despite lobbying by mortgage trade groups, two previous bills failed to attract cosponsors and died in the House Committee on Financial Services without a second reading. Continue reading →

Listing shortages kept prices from falling in Q1: Fannie Mae

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The mortgage giant’s quarterly Home Price Index shows national home prices were up 1 percent during the first quarter of 2023 compared to the final three months of 2022. Continue reading →

Marketing guru’s run for POTUS puts speakers in awkward position

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NAR’s Lawrence Yun is among the prominent figures scheduled to speak at a seminar where Momentifi CEO and U.S. presidential candidate Gibran Nicholas will hawk his book. Continue reading →

Fathom Realty parent company borrows $3.5M from existing investor

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Fathom Holdings will pay at least 8 percent interest on a convertible note company executives say will provide more flexibility as they seek “cash flow profitability” by Q3. Continue reading →

UWM says it’s hiring as Bloomberg details alleged ‘locker room culture’

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The nation’s biggest mortgage lender is planning to hire 500 people and is holding a job fair Saturday just days after a Bloomberg News expose of alleged drug use, discrimination and harassment. Continue reading →

Better’s ‘One Day Mortgage’ product lifts off

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New products and agent partnerships could help Better make the transition from a company known primarily for refinancing to a lender that serves homebuyers. Continue reading →

FTC goes to court to stop ICE’s $11.7B Black Knight acquisition

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Federal antitrust regulators are seeking a preliminary injunction to stop Intercontinental Exchange’s planned $11.7 billion acquisition of mortgage tech provider Black Knight from closing on April 28 — before an administrative hearing to determine its … Continue reading →