Items Tagged with 'mortgage lending'


  • Wells Fargo mortgage originations tumble amid rising interest rates

    Mortgage banking income on the rise, despite declining originations
    As interest rates have risen over the last several months, mortgage originations appear to be trending down, especially in the refinance space. Wells Fargo reported Friday that it originated $46 billion in mortgages in the third quarter, which is down 22% from last year’s total of $59 billion during the same time period.
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  • WSJ: Lennar in talks to sell Rialto Capital to StonePoint Capital

    The largest homebuilder in the U.S. is looking to offload noncore assets
    Lennar is in advanced talks to sell its real-estate lending arm Rialto Capital to StonePoint Capital. According to the Wall Street Journal, the largest homebuilder in the U.S. is trying to shed weight in the face of headwinds dragging on the housing market’s performance.
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  • Movement Mortgage to lay off 180 employees

    Company cites slowing loan growth
    For the third time this year, Movement Mortgage is cutting its workforce. Movement announced Thursday that it is laying off 180 of its employees on Friday. In a note from CEO Casey Crawford released Thursday afternoon, the CEO explained that the lender is making this decision “in response to a nationwide downturn in the housing and mortgage market.”
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  • Redfin Mortgage opens up shop in Colorado

    This is the 10th market Redfin Mortgage has expanded into and the 5th this year
    Redfin Mortgage just expanded into Colorado, its 10th new market since Redfin launched its mortgage lending operations in January 2017. Redfin Mortgage offers fixed- and adjustable-rate mortgages and jumbo loans in each of the 10 markets it operates in: Georgia, Illinois, Minnesota, North Carolina, Ohio, Pennsylvania, Texas, Virginia, Washington, D.C., and now, Colorado.
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  • Sandler Law Group buys out McGlinchey Stafford & Youngblood and Associates

    Sandler bought the firm to expand its offerings under Tech100 winner Asurity Technologies
    Sandler Law Group, a Texas-based firm that specializes in residential mortgages and owner of Tech100 winner Asurity Technologies, acquired the business operations of McGlinchey Stafford & Youngblood and Associates, a closing and fulfillment services provider for the mortgage the lending industry.
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  • Taylor Morrison offers no closing costs promotion

    But only for homebuyers in Atlanta market
    How's this for a mortgage lending tactic? Not only will Taylor Morrison cover the closing costs on a new mortgage for one of its homes, but it will throw in $5,000 to “spend your way,” if you finance your home with Taylor Morrison Home Funding.
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  • Redfin Mortgage expands into North Carolina

    The company is continuing its expansion into the mortgage lending space, adding its eighth state of operation to its roster
    Redfin Mortgage is on the move again. The company just announced that its mortgage lending arm is setting up shop in North Carolina as it continues its national foray into the national mortgage lending landscape.
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  • Sponsored By

    Leveraging data to provide true vendor insight and lending process improvement

    FirstClose goes beyond vendor management to give lenders a holistic view
    Financial institutions rely on their vendor partners for critical services and solutions. But understanding how vendors are actually performing — and where another vendor could offer better performance — is beyond the scope of most vendor management systems. Lenders need a truly objective look at their business processes which is only possible through reporting and analysis.
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