Items Tagged with 'mortgage lending'

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Managing spikes (and dips) in mortgage volume

Hint: Pick the right tech partner
According to the Mortgage Bankers Association, refinance applications jumped more than 100% in the first few weeks post-‘Brexit’ as compared to a year ago, and many lenders found themselves over capacity and struggling with the increase in volume. Here's how to keep up.
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Freedom Mortgage acquires Sterling National Bank mortgage lending business

Expands presence in New York
Freedom Mortgage Corporation is increasing its presence in the state of New York by acquiring the residential mortgage lending business of Sterling National Bank, the principal subsidiary of Sterling Bancorp. The deal represents Freedom Mortgage's second significant acquisition in just over a month, as the company pushes to expand its business.
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MBA: Refinance rush pushes mortgage applications back up

Demands grows after several weeks of decline
The demand for refinance applications rekindled as applications surged, driving applications as a whole higher. While refinance applications have dropped the last several weeks, they were actually booming about a month ago in the wake of Brexit. Now according to this report, the boom is back.
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Meet HousingWire’s 2016 Women of Influence

You deserve all the recognition
Ranging from marketing and technology to economics and compliance, these ladies have all left an incredible impact in their fields, and they deserve to be recognized. As someone who gets to interview and speak with many of you, I would like to extend my deepest congratulations. You deserve all the recognition.
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Women of Influence 2016

HousingWire recognizes the most influential women in housing
Some of our 2016 award winners have worked their way up in traditional mortgage companies, while others started their own businesses. They have made their mark in marketing, technology, economics, compliance, asset management, operations and business development.
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Republic Bank expands into mortgages with Oak Mortgage acquisition

Growing Philadelphia-based bank will now offer mortgages
Republic First Bancorp, the parent company of Republic Bank, announced Tuesday that the Philadelphia-based bank acquired is planning to expand into mortgage lending with the acquisition of Oak Mortgage Company. Both companies view the deal as an opportunity to expand. Here's why.
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Study: Race still a major factor in mortgage lending

NCRC report shows racial and income disparities in lending in St. Louis, Milwaukee
A new study released this week by the National Community Reinvestment Coalition shows that race is still a significant factor in mortgage lending in two major U.S. metro areas. The study found that in both St. Louis and Milwaukee, more mortgage lending is done in primarily white neighborhoods compared to minority neighborhoods.
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Mortgage lending on track for best year since 2013

First mortgages, home equity loans all up in first quarter
While a recent report from Fitch Ratings suggested that 2016 could be a rough year for mortgage servicers due to persistently low interest rates, those same interest rates could lead to a banner year for mortgage lenders. It's not just refinance applications that are trending up, actual first mortgage originations were up sharply in the first quarter — to a point that 2016 could be the best year for mortgage lending since 2013.
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Ditech plots new path, launches wholesale lending channel

Follows increase in correspondent lending operation
When Ditech Financial relaunched in 2014, it laid out a three-pronged plan to establish itself back into the mortgage market, stating that it planned to launch direct consumer lending, retail lending and correspondent lending operations. The company has since merged with Green Tree Servicing and shuttered its retail division. Now, it's plotting a new way forward and launching a wholesale lending channel.
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