Items Tagged with 'mortgage origination'


  • Better Mortgage becomes billion-dollar originator

    Saw 400% year-over-year increase in users
    Online lender Better Mortgage, which launched in January 2016, recently surpassed $1 billion in mortgage originations. According to data provided by the company, Better Mortgage claims it was the third fastest online lender to reach $1 billion in originations, trailing only Goldman Sachs’ Marcus and SoFi.
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  • Ocwen moves closer to profitability amid extensive business changes

    Posts net loss of $6 million in third quarter
    It’s been a rough year for Ocwen Financial, but the company’s executives said Thursday that despite the nonbank posting its 4th straight quarterly loss, they believe they have the company pointed in the right direction. Here's why Ocwen is positive about its future.
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  • Morgan Stanley makes big push into mortgage originations

    Moves operations in-house
    Morgan Stanley plans to bring its mortgage origination business in-house, as the bank ramps up the business to create a bigger presence in the mortgage market. Along with a digital mortgage that’s expected to launch the first half of 2018, the company now plans to bring its operations in-house to smooth out the mortgage process.
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  • Rising home prices force homebuyers to find co-borrowers

    Mortgage originations jump in Q2
    Home prices continued to increase during the second quarter, leading to an increase in co-borrowers on new single-family originations. This rising trend in co-borrowing is helping to eke out increases in purchase loan originations despite affordability and supply constraints.
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  • From HW Magazine

    When priorities collide in M&A

    Don't let merger integration eclipse mortgage originations
    The merger integration phase is a time when communications and decisions are happening rapid-fire – and sometimes with less-than-normal rigor. A perfect storm for risk can form when complexity, regulatory scrutiny, and the conditions for staff burnout are at an all-time high.
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  • CoreLogic's preview of HMDA data shows how good 2016 was for mortgages

    Report shows double-digit increases in origination volume and dollar amount
    It probably won’t shock any readers of HousingWire that 2016 was a good year for mortgages. Driven by low interest rates, a wave of refinances pushed originations up to levels not seen in several years. But just how good was 2016? Here's a look at a new report from CoreLogic, which tracks very closely with the HMDA data that won't be released until sometime next month.
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  • Fannie Mae DTI increase could add 95,000 borrowers each year

    Disproportionate share to go to Latino and black families
    Earlier this year, Fannie Mae announced it was raising its debt-to-income ratio from 45% to 50%, but how many consumers will see these effects? A new study from the Urban Institute explains this ease in credit standards could allow for just under 100,000 new originations each year.
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  • Wells Fargo, Citi, Chase results show 2017 will be a down year for big bank mortgages

    A deep dive into the mortgage business at the big banks
    Market observers were already predicting that 2017 would be a rough year for mortgages, at least compared to 2016. So it shouldn't come as a surprise that when Wells Fargo, Citigroup, and JPMorgan Chase reported their financial results for the first half of the year mortgages were not a significant driver of revenue. But a deeper dive into the big banks’ results shows 2017 will not be kind to mortgages, for the big banks at least.
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