Add Mr. Cooper to the list of lenders and servicers reducing staff: pink slips arrived for 250 employees in the first quarter, as the company faced declines in the earnings from loan originations. And it's going to get very rough in Q2.
May 2, 2022
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Add Mr. Cooper to the list of lenders and servicers reducing staff: pink slips arrived for 250 employees in the first quarter, as the company faced declines in the earnings from loan originations. And it's going to get very rough in Q2.
Mortgage lender and servicer Planet Home Lending has entered into an agreement to acquire assets from Homepoint's delegated correspondent channel for $2.5 million in cash.
As lenders grow they may neglect to take the time to review their processes. Manually doing processes that could be automated can lead to wasting valuable time and money. More automation may lead to faster turn times, better QC, & greater ROI. It's time to improve your workflow.
Mortgage originations will continue to plummet in the months ahead after the industry experienced two years of record-breaking production. But what if you had an unfair advantage in this climate? This white paper will cover how you can tap into an unfair advantage that helps you not only survive, but thrive.
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The National Association of Home Builders is calling on the White House to take on what the trade organization called "the growing housing affordability crisis."
April showers bring May flowers but hassle-free closings bring lenders good reviews. IDS' Solitude Solution is the perfect platform for hybrid eClose. Make your borrowers bloom with appreciation after their quick and easy hybrid eClosing.
After a record breaking year in 2021, 2022 is off to a slow start for "big four" title insurer First American Financial. Net income fell to $98 million in Q1 2022 from $234 million a year ago.
Join HousingWire and other economic leaders for an in-depth look at the latest housing updates around rising mortgage rates, housing inventory, the biggest threats to the housing market and more. Register to keep up with what you need to know to stay competitive in the shifting market. Register today!
Refinancing activity has "dried up and we don't expect that to rebound," Old Republic president and CEO Craig Smiddy said on the firm's Q1 earnings call.
Homebuyers can secure a home loan using cryptocurrency as collateral with the partnership of Propy and Abra, furthering evidence the world of mortgage and crypto lending markets are merging.
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