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Lending (1504)

Truist Names Head of Mortgage Business

Truist Names Head of Mortgage Business

Sunday, 25 June 2023
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Truist Financial has appointed David Smith, previously head of the mortgage lending business at Keller Williams, as head of Truist Mortgage. So reports TheMReport. Read more...
Rocket Mortgage Moves to Reverse $9.7M Appraisal Ruling

Rocket Mortgage Moves to Reverse $9.7M Appraisal Ruling

Sunday, 25 June 2023
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Rocket Mortgage has called on a federal appeals court to quash a $9.7 million judgment in a class action suit over the lender’s appraisal practices. So reports NEXT Mortgage News. Read more...
First Federal Completes Purchase of BNC Mortgage Unit

First Federal Completes Purchase of BNC Mortgage Unit

Sunday, 25 June 2023
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First Federal Bank has closed its acquisition of BNC National Bank’s mortgage unit, including both the assets and the employees. So reports MortgageOrb. Read more...
Bodnar of MMG: What The Fed 'Skip' Means for Mortgage Pros

Bodnar of MMG: What The Fed 'Skip' Means for Mortgage Pros

Monday, 19 June 2023
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Bill Bodnar of the Mortgage Market Guide (MMG) weighs in on The Fed "skip" and its impact for mortgage professionals. He also provides insight into the technical limitations to rate improvement and the Fed Chair on Capitol Hill. Read more...
Most Homebuyers Don’t Negotiate Rate on Purchase: Survey

Most Homebuyers Don’t Negotiate Rate on Purchase: Survey

Monday, 19 June 2023
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Only 39% of prospective homebuyers said they negotiated the initial APR or refinance rate for the last home they bought, according to a new survey from LendingTree. So reports DSNews. Read more...
May Rate Locks Rise Slightly But Stay Slow

May Rate Locks Rise Slightly But Stay Slow

Monday, 19 June 2023
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Average daily rate lock volumes increased by 4% in May from the previous month, according to Black Knight’s latest Mortgage Monitor report. So reports The Capitolist. Read more...
Freddie Mac Adds Financing Option for Native Americans

Freddie Mac Adds Financing Option for Native Americans

Monday, 19 June 2023
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Freddie Mac has rolled out a new affordable housing program to help Native Americans buy homes. So reports NEXT Mortgage News. Read more...
Ex-UWM Employees Claim Harassment in Lawsuits

Ex-UWM Employees Claim Harassment in Lawsuits

Monday, 19 June 2023
Lending
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Former United Wholesale Mortgage underwriters have filed a pair of lawsuits against the mortgage lender over claims of retaliation, hostile workplace environment, gender/sexual harassment and wage theft. So reports The Mortgage Note. Read more...
RocketPro’s Mike Fawaz on Deepening Broker Relationships, Expanding Purchase Market

RocketPro’s Mike Fawaz on Deepening Broker Relationships, Expanding Purchase Market

Friday, 09 June 2023
Lending
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When a market is contracting and volume is starting to decline what do well-run companies do? Some might take consolation in the fact that, although absolute business is down, their market share is growing and they’re positioning themselves to take advantage of the next upturn. Read more...
Bodnar of MMG: A Shock Out of Canada!

Bodnar of MMG: A Shock Out of Canada!

Friday, 09 June 2023
Lending
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A surprise Canada rate hike was offset by Europe falling into recession and Initial Jobless Claims ticking higher, according to Bill Bodnar of the Mortgage Market Guide (MMG). Read more...

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