Inside Mortgage Finance, Feb. 10, 2023–Paul MuoloMr. Cooper, one of the largest residential servicers in the nation, squeezed out a $1 million profit in the fourth quarter thanks to revenue …
Category: Top National News
Here’s What’s Happening with Home Prices as Mortgage Rates Fall
CNBC, Feb. 10, 2023–Diana OlickPrices began falling last June, but are still higher than they were a year ago. Now, as demand appears to be coming back into the market, …
Home Lenders Maintain Loose Credit Standards
Mortgage Professional America, Feb. 10, 2023–Candyd MendozaMortgage companies maintained their loose lending standards in January as a way to “cope with lower volumes,” according to the Mortgage Bankers Association.https://www.mpamag.com/us/mortgage-industry/market-updates/home-lenders-maintain-loose-credit-standards/435958
New Search Portal Set to Launch
The Housing Scene (UExpress), Feb. 10, 2023–Lew SichelmanThe new search engine, Nestfully, will offer up-to-the-moment pricing information, plus the ability to search based on your individual needs. You’ll be able …
Homebuyers Need More than Falling Mortgage Rates to Jump Back into the Market
ABC News, Feb. 10, 2023–Alexis Christorforous“Through the course of 2023, we expect mortgage rates to end the year closer to 5% rather than the 6% where they are today,” said …
Ex-Sprout CEO’s Originator’s Licenses Suspended
National Mortgage News, Feb. 9, 2023–Andrew Martinez (subscription)An Illinois regulator suspended the originator licenses of former Sprout Mortgage CEO Michael Strauss and his new company after they failed to address …
Banks Accelerate Layoffs, But for How Long?
American Banker, Feb. 9, 2023–Alissa Kline (subscription)Many of the job cuts have occurred in investment banking and mortgage lending, two lines of business that have been especially hard hit since …
Mortgage Lenders American Portfolio and Town Square Announce Merger Deal
HousingWire, Feb. 9, 2023–Flavia Furlan Nuneshttps://www.housingwire.com/articles/mortgage-lenders-american-portfolio-and-town-square-announce-merger-deal/
Age Is Just a Number—Except When You’re Applying for a Mortgage
Wall Street Journal, Feb. 9, 2023–Robyn A. Friedman (subscription)The process of getting a mortgage can be a challenging one for applicants of any age. But for older borrowers, those who …
Mortgage Credit Availability Dips In January
National Mortgage Professional, Feb. 9, 2023–Christine StuartMortgage credit availability fell slightly in January, according to the Mortgage Credit Availability Index released Thursday by the Mortgage Bankers Association.https://nationalmortgageprofessional.com/news/mortgage-credit-availability-dips-january