PrimeLending recruits several more top-producing LOs in Texas
PrimeLending, a Texas-based retail mortgage bank, added 12 new loan originators as it attempts to grow market share within its existing Texas footprint.
Among...
Valverde appointed acting president of Ginnie Mae
Sam Valverde, formerly the principal executive vice president of government-owned corporation Ginnie Mae, was named as its acting president as of May 6,...
Better delivers $340M loss in Q3, plans to keep trimming expenses
Better Home & Finance Holding, the parent of digital lender Better.com, delivered a massive loss in the third quarter of 2023, its first earnings...
CMG Financial adds Shamrock’s $300M-plus origination team
California-based mortgage lender CMG Financial announced the integration of Shamrock Home Loans’ origination team, which will boost its presence in New England.
That’s not the first addition to CMG...
November sees the lowest level of new home sales in a year
New home sales fell month-over-month in November to their lowest level since last November. But despite this dip, 2023 is poised to be...
DOJ and CFPB sue Colony Ridge over predatory lending practices
The U.S. Department of Justice (DOJ) and the Consumer Financial Protection Bureau (CFPB) sued the developer and lender Colony Ridge on Wednesday, alleging the company operated an illegal land sales scheme...
Mortgage applications sink to 1995 levels as rates soar
As the 30-year fixed mortgage rate increased for the sixth consecutive week to 7.70%, mortgage applications slumped, hitting their lowest level since 1995....
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...
Higher rates are impacting future housing production
In the chart below, red shows single-family permits and blue shows five-unit permits. There is a big gap between single-family and five-unit permits,...
eXp launches new equity incentive program, Thrive, to recruit more teams
eXp Realty launched a new program to attract more teams, the Thrive program, to agents in the United States and Canada, the company...
