The latest economic and policy trends facing mortgage servicers

Join this webinar for an in-depth roundtable discussion on economic and policy trends impacting servicers as well as a look ahead at strategies servicers should employ in the next year.

Fannie Mae official questions purpose of AMCs

A Fannie Mae official Monday questioned the role of appraisal management companies, or “AMCs,” in evaluating houses.

Atlantic Bay Mortgage’s Chrissy Zotzmann Brown on secrets to success

Today, HousingWire Daily is joined by Atlantic Bay Mortgage Group’s Chrissy Zotzmann Brown for the Women of Influence podcast miniseries.

Why today’s housing market makes speed and agility crucial for lenders

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Investments

Sources: loanDepot withdraws Initial Public Offering

Cites "market conditions"

Sources tell HousingWire that loanDepot, the online mortgage lender scheduled to trade on the New York Stock Exchange beginning tomorrow, is withdrawing its Initial Public Offering, cited adverse "market conditions"

The company was scheduled to begin trading under the symbol LDI.

An article in Reuters appears to confirm:

"It could not be determined whether the Foothill Ranch, California-based company will pursue an IPO again in the near term.

The delay comes as unfavorable market conditions have caused several IPOs to discount or delay their offerings amid the volatility that has plagued the market since August."

loanDepot experienced boosted productions and was expanding in several directions when it announced the IPO.

loanDepot announced its plans to offer new home equity products, once again making waves in the industry after breaking the news that it was moving into personal loans earlier this year.  

"As the economy continues to improve and home prices have stabilized, there is a growing reservoir of equity to help borrowers capitalize on their options to manage their credit profiles," said Brian Biglin, chief risk officer with loanDepot.

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3d rendering of a row of luxury townhouses along a street

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