Items Tagged with 'mortgages'


  • Salesforce invests in Blend as startup shaves weeks off mortgage process

    NYT says Blend is likely to achieve "unicorn" status
    Salesforce, a leader in customer-management software, said it made a "strategic investment" in fintech startup Blend without disclosing details. In February, The New York Times listed Blend as one of 50 startups likely to become "unicorns," as investors call privately held tech companies valued at more than $1 billion.
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  • From HW Magazine

    Zillow going all-in on mortgage lending

    What are the company's future aspirations?
    When Zillow acquired Mortgage Lenders of America last summer, it led to a lot of industry speculation as to what its future aspirations were related to the financing side of real estate transactions.
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  • Wells Fargo earnings top expectations weeks after CEO departs

    Biggest bank lender says mortgage pipeline swelled as rates dropped
    Wells Fargo, the biggest U.S. bank originator of mortgages, had its best first quarter in five years without much help from its home-loan business. Look for that to change next quarter, based on the mortgage pipeline Wells Fargo reported. The San Francisco bank said it had $32 billion of unclosed first-lien mortgages that will go on its books in the current quarter, compared with $24 billion it reported for the same period a year earlier.
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  • Low mortgage rates may drive home purchase lending to 14-year high

    Economic hangover helping to keep rates low
    The recent drop in mortgage interest rates is already having an impact on overall mortgage demand as well as the demand for refinances, but just how much could the return of low interest rates impact the market? Quite a bit, according to new data from iEmergent. In fact, iEmergent is projecting a 14-year high in purchase lending.
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  • The evolution of housing industry news

    HousingWire CEO shares vision on Mortgage, Real Estate and Technology coverage strategy
    To support the evolution of the industry that we serve and the readers that rely on us for knowledge, we're making moves to expand our coverage and evolve our approach. Over the next several months, you'll begin to see our coverage and user experience focus in on three core verticals: Mortgage, Real Estate and Technology.
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  • Wells Fargo faces class action lawsuit on loan officer compensation rules

    Letters will be mailed to potential plaintiffs shortly
    According to a lawsuit, LOs at Wells Fargo are paid advances on commissions at a rate of approximately $12 per hour, but those advances are "clawed back" from commissions earned. One loan officer had a problem with that and now a California judge ruled Wells Fargo must face a class action lawsuit over the claim.
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  • Homeownership for older Millennials quickly becoming a thing

    E&Y and Wells Fargo experts chime in
    It appears Millennials are growing older and wiser, and the eldest in the generation are buying homes more and more, as the younger ones continue to push up demand for rentals. Here's a look at that most wanted home buying generation from Ernst & Young and Wells Fargo.
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