Rocket, Pennymac, UWM ratings upgraded by Fitch
Nov 10, 2024The bulk of more sizable, rated nonbank mortgage companies will start the new year on better footing than 12 months...
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Most Recent Originations News
Mortgage
Loandepot returns to profit in Q3, unveils new strategic plan
Nov 6, 2024Loandepot saw its financial wherewithal bounce back into the black in the third quarter, after reporting losses since the beginning...
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Mortgage
Townstone Financial agrees to settle redlining case
Nov 2, 2024Both the Consumer Financial Protection Bureau and Townstone Financial claimed victory in the contentious anti-redlining lawsuit as the mortgage lender...
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Mortgage
FHFA announces updates to appraisal, repurchase rules
Oct 29, 2024The Federal Housing Finance Agency is updating rules governing appraisals to expand waiver access to more buyers. Citing success it...
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Mortgage
New York Community to rebrand corporate identity
Oct 17, 2024A year of upheaval for New York Community Bank is culminating with a corporate name change, as it fully takes...
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Mortgage
Why mortgage rates might rise after Fed cut
Sep 19, 2024Mortgage rates continued to tumble closer to the 6% mark, even before taking into account the full impact of the...
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Mortgage
Rocket Pro TPO first lender to raise conforming loan limits
Sep 15, 2024Wholesale giant Rocket Pro TPO has raised its conforming loan limits, claiming to be the first mortgage player to do...
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Mortgage
First Interstate joins others fined over flood insurance
Sep 7, 2024The civil money penalty that First Interstate Bank in Billings, Montana is paying to resolve alleged federal flood insurance violations...
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Mortgage
UWM-backed study compares wholesale and retail origination savings
Aug 30, 2024United Wholesale Mortgage has shared a study of public data backing its “brokers are better” mantra, sharing some math describing...
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Mortgage
Existing-home sales increase for first time in five months
Aug 22, 2024U.S. sales of previously owned homes rose in July for the first time in five months, suggesting the housing market...
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