The deal to acquire LenderSelect from Blue Ridge Bankshares will also enable “significant expansion” of the secondary market trading platform, Maxwell Capital. Source: Inman News
Posts published in “Mortgage”
UWM, Rocket and Fairway were enthusiastic backers of Freddie Mac’s Home Possible mortgage in 2022, which lets low-income homebuyers put as little as 3 percent…
ICE Mortgage Technology’s popular loan origination system connected to Flueid Decision for underwriter-backed title clearance decisions on properties. Source: Inman News
A more optimistic outlook of where mortgage rates are headed drives the largest increase in Fannie Mae’s Home Purchase Sentiment Index in more than two…
Lending industry groups like the Mortgage Bankers Association called a fee based on borrower’s debt-to-income ratio “unworkable.” Source: Inman News
UWM CEO Mat Ishbia highlights “operational profitability” as a $337 million write-down in fair value of mortgage servicing rights drives a $138.6 million first-quarter loss. …
Applications for purchase mortgages rose 5 percent last week, but a strong jobs report and ongoing bank instability are pushing mortgage rates back up. Source:…
Agents should be prepared to answer their buyer’s mortgage questions, including types of mortgages, lender guidelines, preapproval vs. prequalification and the closing process in the…
While the mortgage industry has been shrinking, Blend says it has been building its market share, processing 23.2 percent of mortgages originated in H2 2022. …
BPD Recruit taps CoreLogic data to let lenders see who their competitors’ most productive loan officers are, then automates the process of luring them away. …