Trustar Bank sells mortgage subsidiary to Archer
Virginia-based community bank Trustar Bank sold its mortgage subsidiary to Archer Mortgage Holding Company, the companies announced on Thursday. The financials of the deal...
Philly Fed President Harker: “We are at the point where we can hold rates”
Philadelphia Federal Reserve President Patrick Harker advocated for stopping interest rate hikes, noting that disinflation is under way.
“I believe that we are at...
Blend launches lower-cost option for retail IMBs
Mortgage tech firm Blend has launched a lower-cost version of its mortgage suite for retail independent mortgage banks, the company announced this week.
This...
Keller Williams rescinds changes to its profit-sharing program
But the changes did provide an incentive for agents to return to Keller Williams. Former agents who returned to the company within six...
loanDepot launches fully automated underwriting engine
California-based mortgage lender loanDepot on Tuesday announced the launch of its fully automated underwriting engine called melloNow.
The new system, which has been in beta-testing for...
ICE’s mortgage business outperforms in Q3 despite industry headwinds
Intercontinental Exchange (ICE) Mortgage Technology reported an adjusted operating income of $131 million in the third quarter of 2023, up from Q3 2022’s...
Will mortgage rates keep heading lower?
Mortgage rates and the 10-year yield
The 10-year yield is the key for all my housing work, so I focus on it religiously. In...
Bankrupt AmeriFirst Financial needs courtroom to inexperienced mild non-public sale of loans
Bankrupt retail lender AmeriFirst Financial is seeking approval for a private sale of loans from a Delaware bankruptcy judge to pay off two...
8 best places to buy real estate leads in 2023
Real estate agents are always looking for vetted, high-quality leads — and especially so during 2023 market conditions. One of the most efficient ways...
UWM cuts out title insurer with updated TRAC+ program, rolls out 0% down purchase...
“As a result, a broker will no longer need to work with a title company or settlement agent for title work, balancing fees,...
