Items Tagged with 'mortgage lending'

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Embrace Home Loans expands into Texas

Opens new office in Dallas suburb of Frisco
Recent reports from the Texas Association of Realtors and Fitch Ratings call out how hot Texas real estate right now, as more homes were sold last year than ever before. Seeking to strike while the iron is hot, Embrace Home Loans announced this week that it is expanding into Texas and opening its first office in the state.
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Nationstar officially begins transition to Mr. Cooper

Communication sent to customers, MrCooper.com re-launched
When HousingWire sat down late last year with Nationstar Mortgage CEO Jay Bray to discuss the company's transformation into Mr. Cooper, Bray said the rebrand is much more than just a new name for the company. Now, it appears that the transition is officially underway, as some of Nationstar’s customers recently began receiving letters notifying them that the company plans to rebrand as Mr. Cooper "later this year."
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[Video] Here’s the latest update to the MBA’s economic forecast for 2017

"Things are rapidly changing, so it's good to have updates"
It’s an understatement to say the housing market and overall economy has changed since October 2016 when the Mortgage Bankers Association put out its original economic forecast. Lynn Fisher, the Mortgage Bankers Association’s vice president of research and economics, explains in an updated origination forecast what new changes to expect in 2017.
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Redfin gets into the mortgage business

Meet Redfin Mortgage
There's about to be a new player in the mortgage space, one that boasts it can be a true digital "one-stop shop" for homebuyers, taking them all the way from finding a real estate agent to finding a house and getting a mortgage. And while others claim they can do the same thing, this one brings a well-known name and built-in digital experience. Meet Redfin Mortgage. That's right; Redfin is getting into the mortgage lending business.
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PCLender partners with Blend to bring digital mortgages to more lenders

Integrates loan origination system with advanced customer experience
PCLender, a provider of internet-based mortgage solutions for community banks and credit unions, announced this week that it is entering into a partnership with Blend to bring digital mortgages to more lenders. As a result of the partnership, lenders who use PCLender will be able to use Blend’s platform to create an end-to-end digital mortgage experience for consumers.
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Wyndham Capital Mortgage lays off 20% of its employees

'Appropriately aligns' lender with current market conditions
Wyndham Capital Mortgage, which is based in Charlotte, North Carolina, recently laid off 78 staff members as part of an effort to “appropriately align” the company’s operations with the current market conditions. The cuts represent more than 20% of the company's employees.
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SoFi prepares to launch first mortgage securitization

Plans to sell around $170 million in RMBS
SoFi is preparing for its first ever residential mortgage-backed security transaction just two years after breaking into the mortgage business. And looking over the presale report from Fitch Ratings, the pool of loans looks attractive. For starters, Fitch stated that the collateral attributes of the pool are among the strongest of its rated pools. And they’ve rated a lot of pools.
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