-
Navigating the Unchartered Waters: Rising Interest Rates in Mortgage Lending Explore how rising interest rates are affecting mortgage lending and homebuyer affordability in the current market.
Lending (1495)
Pretium to Acquire Deephaven Mortgage from Värde Partners
Pretium and Värde Partners announced that they have entered into a definitive agreement for Pretium to acquire Deephaven Mortgage LLC from Värde Partners. Founded in 2012, Deephaven is a leader in the Non-Qualified Mortgage industry. The company partnered with Värde in 2014 to fund its growth and expansion and, over the past 5 years, has… Read more...
Closing Corp Integrates SmartFees with Wipro Gallagher Solutions
ClosingCorp, a leading provider of residential real estate closing cost data and technology for the mortgage and real estate services industries, today announced that ithas integrated its SmartFees®service with Wipro Gallagher Solutions (WGS), a Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) company and a leading provider of loan origination software (LOS) solutions. This integration… Read more...
RE/MAX National Housing Report - Inventory up, Home Sales Slightly Higher
May home sales ticked slightly higher year-over-year, ending a 9-month streak of declines, according to the RE/MAX National Housing Report. At the same time, inventory grew for the eighth consecutive month, representing the most units for sale since August 2016 in the report's 54 metro areas. Homes sold quickly, as evident in the Days on… Read more...
Ditech Holding Corporation Signs Purchase Agreements with New Residential Investment Corp. and Mortgage Assets Management, LLC
Ditech Holding Corporation ("Ditech Holding" or, together with its subsidiaries, the "Company") (OTC Pink: DHCP) today announced that it and certain of its subsidiaries have entered into an asset purchase agreement with New Residential Investment Corp. ("New Residential") and a stock and asset purchase agreement with Mortgage Assets Management, LLC and its affiliate (collectively, "Mortgage… Read more...
House Financial Services Committee Offers Rulings on FHA, Flood Insurance and DACA Loan Eligibility
It was a busy week for the House Financial Services Committee who, among other things, passed bills that addressed the cost of FHA loans, countered a recent HUD proposal on DACA borrowers and once again renewed The National Flood Insurance Program. Yesterday, the House Committee on Financial Services overwhelmingly passed U.S. Congresswoman Joyce Beatty’s (OH-03)… Read more...
Being Creative in the Pursuit of Affordable Housing
By Alexander von Hoffman, Harvard Joint Center For Housing Studies Observing how creative practitioners have addressed the knotty problems involved in providing good homes to people who otherwise could not afford them is one of the great pleasures I get from my work as a student of low-income housing. I discuss five of these efforts… Read more...
Merger of Equals Between BB&T and SunTrust Will Create Truist
BB&T Corporation (NYSE: BBT) and SunTrust Banks, Inc., (NYSE: STI) today announced Truist as the name for the combined company to be created through their merger of equals. Truist will be the sixth-largest U.S. bank holding company serving more than 10 million households in the U.S., with a leading presence in many of the most… Read more...
Intercontinental Exchange Completes Acquisition of Simplifile
Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, today announced it has completed its acquisition of Simplifile, LC. On May 1, 2019 ICE announced that it would acquire Simplifile for $335 million. The acquisition will not be material to ICE’s 2019 earnings or… Read more...
Mortgage Lenders' Profit Margin Outlook Turns Positive on Reported Surge in Consumer Demand
The net profit margin outlook for mortgage lenders turned positive for the first time in nearly three years, due primarily to strong demand expectations for both purchase and refinance mortgages, according to Fannie Mae's Q2 2019 Mortgage Lender Sentiment Survey®. "Lenders are signaling strong demand-driven mortgage market dynamics, with optimism for both their consumer demand… Read more...
March Foreclosure Rate at 20 Year Low, Delinquencies at 13 Year Low
CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today released its monthly Loan Performance Insights Report. The report shows that nationally 4% of mortgages were in some stage of delinquency (30 days or more past due, including those in foreclosure) in March 2019, representing a 0.3-percentage-point decline in the overall… Read more...More...
MOST READ STORIES
Fast,Easy & Free
