Keller Mortgage Joins Layoff Wave Keller Williams has laid off an unspecified number of people at its lending business, Keller Mortgage, following job cuts at several other mortgage lenders. So reports The Real Deal.
Lending

Lending (1110)

Guaranteed Rate Merges with Title Underwriter ATG

Title insurance underwriter Attorneys’ Title Guaranty Fund has announced that it has agreed to merge with mortgage lender Guaranteed Rate. Read more...

Wolters Kluwer Buys IDS in $70M Deal

Wolters Kluwer has announced a roughly $70 million cash deal with The Reynolds and Reynolds Company to acquire International Document Services. So reports Dow Jones Newswires. Read more...

Mortgage Lenders Gloomy About Profits, Fannie Mae Survey Finds

A quarterly Fannie Mae survey finds that mortgage lenders remain downbeat about near-term profitability. So reports DSNews. Read more...

Bodnar of MMG: The Fed is in a Pickle

Bill Bodnar of the Mortgage Market Guide (MMG) discusses how interest rates ticked despite continued uncertainty with the Ukraine/Russia war. Read more...

Mortgage Rates Follow Bond Yields Lower After Ukraine Invasion

Yields on U.S. Treasuries fell after the Russian invasion of Ukraine, and mortgage rates, as they typically do, have followed suit. So reports MarketWatch. Read more...

Industry Slowdown Hits Rocket’s and UWM’s 2021 Earnings

The country’s two biggest non-bank mortgage lenders have each announced strong 2021 profits, though their earnings were down from the prior year amid a cooling mortgage market. So reports The Detroit Free Press. Read more...

Mortgage Demand Fizzles, But Could See Boost as Rates Drop

Although appetite for mortgages wavered in the most recent weekly survey, demand will likely revive soon as the Russian invasion of Ukraine impacts interest rates. So reports CNBC. Read more...

Fannie Mae Hires First Chief Diversity and Inclusion Officer

Fannie Mae has appointed its first-ever chief diversity and inclusion officer. So reports RISMedia. Read more...

Bodnar of MMG: Safe-haven Trading Into U.S. Debt

Interest rates moved lower as the Ukraine/Russian war drives a safe-haven trade into the US debt market, says Bill Bodnar of the Mortgage Market Guide (MMG). Read more...

Foreclosure Starts See 7x Spike: Black Knight

Black Knight has been waiting for signs that foreclosure activity would pick up in the wake of various COVID-related protections rolling off the books. January brought those signs in the form of a sevenfold increase in foreclosure starts from the month before, with about 33,000 loans referred to foreclosure in the month, the most in… Read more...

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