ORIGINATING
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Rhode Island's Citizens Bank Pulls Plug on Wholesale Originations Citizens Bank has told broker partners that it is shuttering its wholesale mortgage lending channel. So reports Investing.com.
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Better Launches Mortgage-as-a-Service Platform with Infosys Better.com has joined forces with Indian tech giant Infosys to roll out a white-labeled mortgage-as-a-service platform. So reports Finance Director Europe.
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Ex-Prosecutor’s Mortgage Fraud Trial Follows Perjury Conviction A federal judge has set a January 18 trial date for former Baltimore state’s attorney Marilyn Mosby on mortgage fraud charges. So reports the Baltimore Sun.
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Rhode Island's Citizens Bank Pulls Plug on Wholesale Originations Citizens Bank has told broker partners that it is shuttering its wholesale mortgage lending channel. So reports Investing.com.
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Better Launches Mortgage-as-a-Service Platform with Infosys Better.com has joined forces with Indian tech giant Infosys to roll out a white-labeled mortgage-as-a-service platform. So reports Finance Director Europe.
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Ex-Prosecutor’s Mortgage Fraud Trial Follows Perjury Conviction A federal judge has set a January 18 trial date for former Baltimore state’s attorney Marilyn Mosby on mortgage fraud charges. So reports the Baltimore Sun.
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The Closing Exchange Integrates With Simplifile The Closing Exchange has joined forces with ICE Mortgage Technology on a new integration with Simplifile eSign Events as part of an online closing and notification offering for customers. So reports MortgageOrb.
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Rocket Exec Sees Fully Remote Work Fading Away Rocket Companies executive Bill Emerson has poured cold water on hopes any mortgage professionals might have still been harboring that fully remote work would remain as widespread after the pandemic. So reports the Detroit Free Press.
BREAKING NEWS
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VA Pauses Foreclosures for 6 Months The Department of Veterans Affairs has called a moratorium on foreclosures for veterans and servicemembers with VA-guaranteed loans until May 31, 2024. So reports NPR.
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NAR's Lawrence Yun Sees Home Sales Rebounding in 2024 According to Lawrence Yun, chief economist at the National Association of Realtors, mortgage rates will fall in time for home sales to climb next year. So reports DSNews.
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Rhode Island's Citizens Bank Pulls Plug on Wholesale Originations Citizens Bank has told broker partners that it is shuttering its wholesale mortgage lending channel. So reports Investing.com.
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Better Launches Mortgage-as-a-Service Platform with Infosys Better.com has joined forces with Indian tech giant Infosys to roll out a white-labeled mortgage-as-a-service platform. So reports Finance Director Europe.
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LENDING
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VA Pauses Foreclosures for 6 Months The Department of Veterans Affairs has called a moratorium on foreclosures for veterans and servicemembers with VA-guaranteed loans until May 31, 2024. So reports NPR.
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NAR's Lawrence Yun Sees Home Sales Rebounding in 2024 According to Lawrence Yun, chief economist at the National Association of Realtors, mortgage rates will fall in time for home sales to climb next year. So reports DSNews.
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Pending Home Sales Rise to 12-Month High: Redfin Price cuts, paying for closing costs and other concessions have helped drive home sales to their highest level in a year. So reports Money.
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VA Pauses Foreclosures for 6 Months The Department of Veterans Affairs has called a moratorium on foreclosures for veterans and servicemembers with VA-guaranteed loans until May 31, 2024. So reports NPR.
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NAR's Lawrence Yun Sees Home Sales Rebounding in 2024 According to Lawrence Yun, chief economist at the National Association of Realtors, mortgage rates will fall in time for home sales to climb next year. So reports DSNews.
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Pending Home Sales Rise to 12-Month High: Redfin Price cuts, paying for closing costs and other concessions have helped drive home sales to their highest level in a year. So reports Money.
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Rithm Capital Caps Sculptor Deal After Fight Newrez parent Rithm Capital has wrapped up its acquisition of hedge fund Sculptor following months of rival offers, legal filings and other drama. So reports Bloomberg.
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MMG's Bodnar: Inflation Going in the Right Direction Bill Bodnar of the Mortgage Market Guide (MMG) discusses yield resistance, housing starts and comments on potential Fed activity in 2024.