Items Tagged with 'mortgage origination'

ARTICLES

  • Mortgage rollercoaster: Originations rise to nearly 2-year high after falling to 4-year low

    New York Fed data shows originations bounced back big time in second quarter
    Things looked bleak for the mortgage business earlier this year, as data from the New York Fed showed that the first quarter of this year was the mortgage business’ worst quarter in four years, but maybe it’s not complete doom and gloom after all. In fact, new data from the New York Fed shows that the mortgage business rebounded big time in the second quarter, with originations rising to their highest level since the third quarter of 2017.
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  • HomeStreet Bank sells off more of its mortgage business to Homebridge

    Completes second phase of mortgage business sell-off
    HomeStreet Bank's move away from mortgages is nearing its completion, as the bank announced Monday that it has completed the second part of the sale of a sizable piece of its origination business to Homebridge Financial Services. According to the companies, the second part of the deal brings the total number of office locations acquired in the deal to 47.
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  • Welp: Mortgage originations fall to four-year low in first quarter

    So, about that whole refi boom…
    Mortgage interest rates fell throughout the first quarter, eventually experiencing the largest single-week decline in 10 years. That decline led some to suggest that a boom in refinances could be on the horizon. And while that may yet happen, it hasn’t happened yet. In fact, the mortgage business just experienced its worst quarter in more than four years.
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  • HomeStreet selling off majority of mortgage business to Homebridge, New Residential, PennyMac

    Origination business going to Homebridge; MSRs to New Res, PennyMac
    HomeStreet Bank's move away from mortgages is nearly complete. Earlier this year, HomeStreet announced that it was planning to shift its business away from mortgages by selling off its retail mortgage origination business and a big chunk of its mortgage servicing rights. Now, the bank has found buyers for its mortgage business: Homebridge Financial Services, New Residential Mortgage, and PennyMac.
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  • This is where seasoned LOs see the biggest opportunity

    Survey reveals trends and challenges impacting mortgage origination
    Most mortgage originators are worried that loan production expenses will increase while volume will decline, and they’ve pinpointed five areas of the market they think present the most opportunity in the year ahead. Here's what they said.
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  • Black Knight boosts origination system by acquiring Ernst Publishing

    Ernst’s capabilities will be integrated into Black Knight’s LOS
    Black Knight’s loan origination system is about to get an upgrade, as the company announced Tuesday that it acquired Ernst Publishing, a provider of technology and closing cost data for the real estate and mortgage finance industries and previous honoree as a HousingWire Tech100 winner.
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  • Freddie Mac reveals Loan Advisor upgrades at MBA

    New enhancements designed to give clients the “Freddie Edge”
    Freddie Mac announced major tech upgrades to its Loan Advisor Suite on Monday at the MBA Annual in Washington, D.C. A number of new features – including the industry’s first integrated self-employment income asset solution – are designed to create a more efficient origination process and give clients what Single-Family EVP Dave Lowman calls "The Freddie Edge."
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  • CitiMortgage takes a beating in Q3

    Mortgage originations fall 29% and its mortgage division succumbs to scandal
    Citigroup released its earnings report this morning, and mortgage originations are down. Way down. The bank reported a 29% decrease in originations year over year and an 8% decrease in originations from the second quarter.
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