Most Recent Industry News News

Mortgage applications increased for the third straight week

Mortgage applications increased for the third straight week

Application gains slowed to a crawl last week after soaring earlier as fixed rates that dominate the market experienced a...

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Rithm Capital acquires asset management firm Crestline

Rithm Capital acquires asset management firm Crestline

Rithm Capital announced a new acquisition that adds an insurance business and further boosts its efforts to grow beyond its...

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OCC rolls back disparate impact oversight

OCC rolls back disparate impact oversight

The Office of the Comptroller of the Currency is rolling back disparate impact supervision for banks, it announced Monday. As...

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Panorama Mortgage adds new TPO brand Travisa Financial

Panorama Mortgage adds new TPO brand Travisa Financial

Panorama Mortgage Group, parent company of several lenders focused on affordable homeownership, announced the launch of a new mission-driven wholesale...

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Redfin investor seeks $450k for “intense” effort, legal fees

Redfin investor seeks $450k for “intense” effort, legal fees

The Redfin investor who sued the real estate brokerage and Rocket Companies for allegedly failing to disclose key information about...

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Mortgage lender Rate turns focus to nontraditional income

Mortgage lender Rate turns focus to nontraditional income

National lender Rate Cos. unveiled a new product strategy this week aimed to serve entrepreneurs and other self-employed individuals with...

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Angel Oak eyes non-QM growth if Trump GSE plan advances

Angel Oak eyes non-QM growth if Trump GSE plan advances

President Trump’s proposal to privatize the government-sponsored enterprises will present promising opportunities for non-QM growth if it materializes, leaders in...

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UWM bolsters business via debt offering, products

UWM bolsters business via debt offering, products

United Wholesale Mortgage has recently taken steps to bolster its financial position. The mega lender announced plans to raise capital...

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Fed study shows how much discount points are driving up costs

Fed study shows how much discount points are driving up costs

Discount points have driven mortgage borrowers’ out-of-pocket costs up 33% in the past few years, a Federal Reserve study finds. ...

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Loandepot returns to profit in Q3, unveils new strategic plan

Loandepot returns to profit in Q3, unveils new strategic plan

Loandepot saw its financial wherewithal bounce back into the black in the third quarter, after reporting losses since the beginning...

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