loanDepot Wholesale News
As of June 30, Homepoint had $1.91 billion in capacity to fund loans, down from the first quarter’s $2.72 billion.
HousingWireBorrowers will bear the brunt of this, but rumors from several sources have Fair Isaac planning on giving most residential lenders an early Christmas “present,” effective 12/26, of higher fees for mortgage work incorporated into a new tier system. (Talk to your credit reporting agency or provider fo…
On Thursday, Pennymac launched a new technology platform for brokers called “POWER+,” a key step in its plan to grow its wholesale business.
Mortgage News DailyBut even these highest-since-2007 mortgage rates are still far below the highest-since-1981 inflation.
One can always focus on lending activity hitting a 25-year low, or the once mighty loanDepot reducing its own liquidity or handing raises out to executives, or Better.com’s CEO back in the headlines. So let’s veer off the mortgage track for a bit. Not everyone in residential lending is a baseball fa…
Is Loandepot Inc (LDI) a Stock to Watch After Losing 0.00% This Week?
According to UWM CEO Mat Ishbia, the next year and a half will be a proving ground that will level set the market for brokers.
HousingWire“We feel like we’ve done what we need to navigate the environment,” Homepoint’s president and CEO Willie Newman said in an interview Friday.
HousingWireIn arguably the worst mortgage market in decades, we examine how a small lender like Florida-based ResMac is managing its business.
HousingWireYou don’t want to miss these Women of Influence winners at HW Annual. Come see Selma Hepp, Karen Starns and Carrie Gusmus in action Oct. 3-5 in Scottsdale, Arizona.
HousingWireloanDepot continues to make changes to its top management as it navigates a sharp workforce reduction in a shrinking mortgage market.
HousingWireRocket Mortgage is the first out of the gate with 2023 conforming loan limits. Its wholesale arm on Tuesday raised limits for brokers to a baseline of $715,000.
HousingWirePrice corrections are coming for the housing market, Black Knight said following a drop in prices in July from the prior month.
HousingWireHomepoint laid off more than 100 employees this week as it feels the effects of the price war in the wholesale lending space. The company
HousingWireRocket Pro TPO will be offering home equity loans to brokers in mid-September amid increased competition in the wholesale channel.
HousingWireNews, analysis and comment from the Financial Times, the worldʼs leading global business publication
Financial TimesUnited Wholesale Mortgage is burning cash wreaking havoc on competitors. But will it maintain market share when prices go back up?
HousingWireWith purchase and refi volumes down, nonbank mortgage lenders are turning to personal loans, home equity products and non-QM mortgages. Can it move the needle?
HousingWireJust 10 days after announcing it would shutter its wholesale lending business, loanDepot told federal regulators it plans to reduce its funding capacity.
EIN PresswireNothing is simple or easy in this world. Take pine nuts. Simple, easy, right? Nope. A staple of pesto, and some salads and desserts, those in the United States don’t come from the United States. They come from China, Russia, and Afghanistan! Our allies? Lenders handling volumes expected to drop more…
