Mortgage Tech Demo Day

In a half-day format, technology companies will demo their platforms and answer questions. You can tune in for the whole demo day, or strategically drop in on sessions to learn about specific solutions.

DOJ v. NAR and the ethics of real estate commissions

Today’s HousingWire Daily features the first-ever episode of Houses in Motion. We discuss the Department of Justice’s recent move to withdraw from a settlement agreement with the NAR.

Hopes for generational investment in housing fade in DC

Despite a Democratic majority, the likelihood of a massive investment in housing via a $3.5 trillion social infrastructure package appears slim these days. HW+ Premium Content

Road to the one-click mortgage

This white paper will outline how leveraging a credential-based data provider can save money for lenders, reduce friction for borrowers, speed time to close, and overall bring lenders one step closer to a one-click mortgage.

Investments

Lenders, servicers zero in on recapture as refinances soar

NewRez, Quicken and Finance of America emphasize power of retaining servicing

Over the past few months, lenders have recorded record business when it comes to new originations and refinances. New Residential Investment Corp. is using its mortgage business profits to pull the company toward recovery after first and second-quarter losses due to COVID-19 challenges.

Primarily known for its servicing activities, NRIC operates a diversified business with multiple business lines, including NewRez – formerly New Penn Financial, Shellpoint Mortgage Servicing, title and settlement services provider Avenue 365 and eStreet, an appraisal management company. New Residential also made strategic investments in Covius Holdings, a provider of technology-enabled services to the financial services industry, and Guardian Asset Management, a provider of field services and property management.

NRIC’s mortgage banking affiliate, NewRez, funded $8.3 billion of residential loans in the second quarter of 2020, a decrease of 27.2% from last year. To put this in perspective, this represents one of the lowest showings so far among top 40 producers tracked by Inside Mortgage Finance.

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