Guild reports higher profits in Q3, plans to acquire purchase lenders
California lender Guild Mortgage reported an increased profit in the third quarter despite high mortgage rates and limited home sales inventory.
The purchase-focused lender...
DataDigest: Nearly 100,000 LOs have washed out
For years broker channel evangelists told me that a down market would give them an edge on their retail brethren. Well, it’s certainly...
Mortgage applications tick down amid elevated mortgage rates: MBA
Mortgage applications fell for the third week in a row as mortgage rates surged toward 8%.
For the week ending Oct. 27, total home...
US home prices continued their rally in September
Home prices rallied in September, as homebuyers still outnumbered sellers.
Home prices posted a 3.9% annual gain in September, up from a 2.5% gain...
Wells Fargo settles lawsuit with ex-LO over allegedly discriminatory lending practices
A former mortgage consultant who worked for Wells Fargo and ultimately brought a case against the company in a Southern California court over...
Jonathan Scarpati joins NRMLA board of directors
The National Reverse Mortgage Lenders Association (NRMLA) this week announced that Jonathan Scarpati, senior vice president of wholesale production at Finance of America...
Newrez launches mortgage JV with $4B Keller Williams group in New Jersey
Newrez has launched a new joint venture mortgage company, Carnegie Mortgage Partners, in collaboration with a top Keller Williams franchise network in Bergen...
What makes Gen Z homebuyers different?
Entering the real estate finance world in the summer of 2022 as a 23-year-old, I immediately felt like a fish out of water....
The 2024 mortgage M&A playbook
Guild Mortgage has an ambitious plan under the leadership of its new CEO, Terry Schmidt. The California-based retail lender has set a target...
Why regular check-ins are the unsung heroes of agent retention
A common thought among brokers revolves around the idea that if your gross commission income or office size is not increasing, you’re not...
