- As FGMC shuts down, lender partners question fate of loans in pipeline HW+ 1 hour ago
- Two more MSR deals valued in total at $2.5B hit the market HW+ 2 hours ago
- Fix-and-flip lender Kiavi finalizes $218M private-label offering HW+ 3 hours ago
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- Mortgage delinquency rate falls to historic low HW+ 1 day ago
Lending partners of FGMC are frustrated. They say the company agreed to buy millions of dollars in mortgages, but has gone silent since laying off about 80% of its staff on Friday.
Any market that pushes some businesses to the brink of insolvency also will create opportunities for others. Through numerous interviews with industry players, HousingWire assessed the rapidly changing housing market to determine who remains vulnerable to the higher-rate environment, and who’s primed to capitalize in the months ahead.
Mortgage fintechs Sales Boomerang and Mortgage Coach have merged, roughly six months after investments from Philadelphia-based private equity firm LLR Partners.
HousingWire recently spoke with Armando Falcon, CEO of Falcon Capital Advisors, about the continued growth of digital mortgage solutions such as eClosings and what lenders can do to implement eMortgages into their business models.
Low claims ratios are a testament to the work title agents do to eliminate items prior to closing, protecting the homeowner and lender.