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Lending (1540)

Cornerstone Home Lending Merges with Roscoe State Bank

Cornerstone Home Lending Merges with Roscoe State Bank

Saturday, 08 October 2022
Lending
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Cornerstone Home Lending, one of the biggest U.S. mortgage companies, announced the completion of its merger with the Roscoe State Bank of Roscoe, Texas. Read more...
UWM Unveils Three Tools for Independent Brokers

UWM Unveils Three Tools for Independent Brokers

Saturday, 08 October 2022
Lending
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United Wholesale Mortgage has announced three new tools for independent mortgage brokers, aimed at transparency, control and speed. Read more...
Rocket CFO, General Counsel Retire in Executive Shuffle

Rocket CFO, General Counsel Retire in Executive Shuffle

Saturday, 08 October 2022
Lending
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Rocket Companies has said that its chief financial officer and general counsel are both retiring as of this fall, to be replaced by internal candidates. So reports the Detroit Free Press. Read more...
Mortgage Rates Slip After Six Straight Weeks of Gains

Mortgage Rates Slip After Six Straight Weeks of Gains

Saturday, 08 October 2022
Lending
Written by
U.S. long-term mortgage rates have declined for the first time in seven weeks but remain at levels unseen since before the 2008 financial crisis. So reports the Associated Press. Read more...
Bodnar of MMG: Conflicting Labor Market Signals Usher In More Volatility

Bodnar of MMG: Conflicting Labor Market Signals Usher In More Volatility

Saturday, 08 October 2022
Lending
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"This week, conflicting signals on the labor market and central banks around the globe have reignited uncertainty and volatility in the financial markets," says Bill Bodnar of the Mortgage Market Guide. Read more...
RocketPro's Niemiec: UWM Trying to 'Destroy' Broker Model

RocketPro's Niemiec: UWM Trying to 'Destroy' Broker Model

Tuesday, 04 October 2022
Lending
Written by
Austin Niemiec, Executive Vice President at RocketPro TPO, says United Wholesale Mortgage is trying to destroy the broker model it claims to support. He also asserts that UWM is trying to upend the free-market system as it relates to mortgage brokers, eliminating much of the value mortgage brokers bring to their home buying clients.  Read more...
Hurricane Ian Wind, Storm Surge Losses in Florida Expected to Be $28B to $47B: CoreLogic

Hurricane Ian Wind, Storm Surge Losses in Florida Expected to Be $28B to $47B: CoreLogic

Saturday, 01 October 2022
Lending
Written by
Wind losses for residential and commercial properties in Florida are expected to be between $22 billion and $32 billion, while insured storm surge losses in the state are expected to be an additional $6 billion to $15 billion, according to an estimate from CoreLogic. Read more...
Mortgage Rates Rise to 15-Year High

Mortgage Rates Rise to 15-Year High

Saturday, 01 October 2022
Lending
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U.S. long-term mortgage rates have risen for a six consecutive week, to levels unreached since before the Great Recession. So reports The Guardian. Read more...
Mortgage Demand Drops as Refinances Fall to 22-Year Low

Mortgage Demand Drops as Refinances Fall to 22-Year Low

Friday, 30 September 2022
Lending
Written by
A measure of mortgage demand has continued to sink amid rising interest rates and growing questions about the housing market. So reports CNBC. Read more...
Wells Fargo Lays Off 36 More Workers Amid Mortgage Slowdown

Wells Fargo Lays Off 36 More Workers Amid Mortgage Slowdown

Friday, 30 September 2022
Lending
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Wells Fargo has revealed another round of job cuts in its Des Moines, Iowa, offices, where its flagging home mortgage division is based. So report the Des Moines Register and KCCI. Read more...

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