Tag Archives: mortgage

Chinese real estate crash sparks mortgage boycotts

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In China, most recent buyers of new apartments took out mortgages before their buildings were finished. Now many are threatening to not pay. Continue reading →

Demand for mortgages hits lowest level in more than 20 years

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High mortgage rates, challenging affordability and a gloomier economic outlook are keeping buyers on the sidelines, Mortgage Bankers Association forecaster Joel Kan said. Continue reading →

The 25 fastest-growing real estate companies on the Inc. 5000 list

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Mortgage, proptech, investment and property management companies ranked high among Inc.’s annual list of the fastest growing U.S. companies, including names like Orchard and Ribbon. Continue reading →

LoanDepot accelerating layoffs, exiting wholesale business

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The lender plans to boost revenue by growing purchase loan business and loan servicing portfolio, with digital HELOC also in the works, according to a second-quarter earnings call. Continue reading →

Wells Fargo reportedly eyeing ‘major retreat’ from mortgage

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Executives said to be concerned about reputational risk of correspondent lending channel, which has historically accounted for as much as half of the bank’s home loan business. Continue reading →

Rocket scores another deal to provide home loans through banks

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Lenders can integrate Rocket Mortgage’s digital mortgage application into an online banking platform developed by Q2 Holdings Inc. Continue reading →

Zillow Home Loans continues its unprofitable run: Mike DelPrete

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The mortgage industry is getting hammered this year, with declining leads, loan volumes, and revenue. Expert Mike DelPrete says Zillow faces the same reality, as the latest reports on their mortgage offering show that it continues to be unprofitable Continue reading →

Loan applications for home purchases continue 6-week slip

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Purchase loan activity has dropped in five of the last six weeks as some buyers remain wary, according to the Mortgage Bankers Association. Continue reading →