Better reshapes LO comp as its losses shrink
National Mortgage News
by Andrew Martinez
11h ago
The lender recorded a $59 million net loss in the fourth quarter, an 83% improvement from its third quarter performance ..read more
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United Wholesale Mortgage leads in two categories: HMDA data
National Mortgage News
by Bonnie Sinnock
12h ago
Initial analyses of Home Mortgage Disclosure Act data show UWM ahead in 2023 loan numbers and dollar volume, but Rocket's market share still looks competitive ..read more
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Integrated Financial finds new buyer in Capital Bancorp
National Mortgage News
by Jim Dobbs
12h ago
Last year, the Raleigh, N.C.-based Integrated called off a deal to sell itself to MVB Financial after bank stocks took a hit in the aftermath of the regional bank failures. Capital hopes to expand its government-guaranteed lending with the transaction ..read more
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Homebuyer affordability declines to record low
National Mortgage News
by Brad Finkelstein
14h ago
Mortgage payments rose 10% year-over-year to an all-time high for March, Redfin said ..read more
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Pending home sales bounce back after slumping in January
National Mortgage News
by
14h ago
The Midwest was the main driver of the increase in pending sales, with a 10.6% jump, while contract signings in the South edged up 1.1 ..read more
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Former Fed officials: Liquidity tweaks needed to prevent next SVB
National Mortgage News
by Kyle Campbell
14h ago
Harmonizing standards for liquidity coverage ratios and discount window pledges could prevent the type of strains that led to last year's bank failures, according to a new paper whose authors include former Federal Reserve Govs. Dan Tarullo and Jeremy Stein ..read more
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How AI can make lending objective, according to a tech leader
National Mortgage News
by Spencer Lee
22h ago
In an interview, Candor Technology's Sara Knochel recounts how she applies her childhood interest in languages and numbers to crucial home lending issues ..read more
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Treasury report examines gaps in banks' AI risk management
National Mortgage News
by Carter Pape
1d ago
The report seeks to help banks "disrupt rapidly evolving AI-driven fraud," according to Treasury's Nellie Liang. The report found banks have difficulties accounting for AI risks ..read more
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Go Mortgage settles sabotage, wage claims with ex-director
National Mortgage News
by Andrew Martinez
1d ago
The lender accused its former leader of compromising its Fannie Mae seller/servicer number to prevent it from delivering loans ..read more
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Equity Resources wins in trade secrets suit against Revolution Mortgage
National Mortgage News
by Maria Volkova
1d ago
Equity is entitled to a little over $70,000 worth of damages ..read more
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