Articles Tagged with ''mortgage lending''

LoanStream Mortgage plots expansion, plans 30-state hiring spree

California lender offers traditional, non-QM loans
LoanStream Mortgage, a California-based mortgage lender that specializes in wholesale lending through mortgage brokers and consumer direct lending through a series of branches, is planning a serious nationwide expansion. The company announced Tuesday that it is plotting a 30-state expansion and plans to hire a boatload of mortgage professionals to lead that growth.
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The last domino: Zillow is getting into the mortgage business

First homebuying, now lending
The dramatic reshaping of Zillow’s place in the real estate ecosystem is about to take a giant step forward, as the online real estate behemoth announced Monday that it is getting into the mortgage business. To power its expansion into mortgages, Zillow is buying Mortgage Lenders of America.
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Capital One to lay off another 286 employees

Company continues its exit from the mortgage lending space
Capital One is planning to lay off 286 employees from its Plano, Texas, campus as it continues to close its mortgage lending and home equity operations. According to the Dallas Business Journal, the exit is a result of the rising interest rate environment and high home prices freezing homebuyer demand.
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Freddie Mac CEO: Our innovations help lenders help borrowers

On the investment side of mortgage finance, there is plenty of change afoot
Much has changed, Freddie Mac CEO Donald Layton admits, on the mortgage lending front. "Life is very different now," than when he took over 6 years ago, he said. "Our innovations are aimed at our 'customers'… and that’s lenders and ultimately that’s help for borrowers."
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Ellie Mae's Q2 revenues increase 20% from last year

Encompass loans increase 6% from 2017
Ellie Mae reported positive results for its second quarter of 2018 and signals the future of lending is digital. Ellie Mae President and CEO Jonathan Corr says the value of its Encompass platform remains strong as the industry seeks a way to improve the complex origination process.
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Mortgage lender HomeStreet shuts offices, lays off more than 100 full-timers

More homeowners tap home equity instead of refinancing
"Given the persistent shortage of new and retail housing and increased interest rates, reducing demand for both purchase and refinanced mortgages, along with recent decrease in our composite margins, we took additional steps in the quarter to streamline our mortgage banking operations," CEO Mark Mason explained.
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