3 days ago · News analysis and perspective from National Mortgage News, an award-winning comprehensive digital resource serving the entire residential mortgage industry.

Dec 30, 2024 · After a dry spell for venture capital in mortgage technology compared to the fruitful start to the decade, the appetite for innovation gained momentum in the second half of 2024.Widespread advancements in automation, especially with artificial intelligence, combined with a return to profitability for many companies and a growing willingness to go digital, threw the spotlight — and investor ...

Dec 23, 2024 · United Wholesale Mortgage was accused by Hunterbrook, a venture capital-backed outlet, of holding brokers captive via its All-In Initiative and overcharging borrowers by hundreds of millions of dollars.A suit related to the investigation followed soon after. The lengthy article and its attached research points to over 8,000 independent mortgage brokers who sent 99% or more of their loans to ...

Jan 3, 2025 · National mortgage lender Rate bolstered its reverse mortgage operations, naming Jesse Allen as president of the division. Rate also added Greg Pahel as executive vice president, consumer-direct reverse lending. Both executives will be responsible for supporting the Chicago-based company's reverse mortgage ambitions, leading the unit's growth and expansion.

Dec 30, 2024 · Some new traditional mortgage activity could emerge as borrowers get tired of waiting for a large rate drop, but some of next year's market drivers call for more specialized loans.. Borrowers also may need to obtain out of the box products to take advantage of high home-equity or access new inventory as it comes online.

Nov 22, 2024 · October's total delinquency rate — loans 30 days or more late but not yet in foreclosure — was 3.45%, the First Look report found. While that was down by 0.79% from September, the year-over-year change of 5.95% represents five …

Mar 4, 2024 · Headquarters: Tucson, Arizona Number of employees: 154 Website: theloanstore.com The 11-year-old company last spring purchased Home Point's wholesale business and is helmed by Home Point's former president of originations, Phil Shoemaker. The Loan Store offers a traditional suite of loan products, home equity line …

Jan 3, 2025 · Meanwhile, Finance of America saw volume fall by more than a third, or 33.8%, to 5,946 last year compared to 8,981 in 2023, when it received approval for its acquisition of the previous long-time leader in the space, American Advisors Group.. The change at the top occurred despite the merger between two lenders that, combined, far outpaced their competitors in endorsement volume earlier this ...

Dec 23, 2024 · The Mitchell Group was an "enthusiastic partner" in the kickback scheme and allegedly referred thousands of clients to Rocket and Amrock.Some of these referrals were egged on by the promise that agents referring the most business to Rocket would receive a $250 gift card, the CFPB claims.

More "Airbnb-style" rental property loans are making their way into non-qualified mortgage securitizations and could they be acting differently from the traditional non-owner occupied loans, a Standard & Poor's report asks.