Ocwen Financial to become Onity Group
“Rebranding to Onity signifies the confidence we have in our business, our capabilities and our team, as well as our unwavering focus on delivering on our commitments to our stakeholders,”...
Rising rates send mortgage applications tumbling
“Mortgage rates increased for the first time in four weeks. The uptick in rates led to a decline in mortgage applications heading into Memorial Day weekend,” said Joel Kan, vice...
Prices surge but housing market "stuck in second gear" – report
“The S&P CoreLogic Case Shiller Home Price Index continues to remain strong due to a scarcity of homes for sale,” A&D Mortgage CEO Max Slyusarchuk added. “However, homebuilder confidence is...
Incenter promotes COO, eyes expansion into IMB market
Parrish, who joined CampusDoor in 2016 after holding operational roles at the Pennsylvania Higher Education Assistance Agency, expressed her enthusiasm for Incenter’s future growth opportunities. “It is a privilege to...
The 7 most popular types of mortgage loans for home buyers
Mortgage professionals can share this with their clients to help them understand the different types of mortgage loans. This article might also be useful for real estate investors who are...
Is it better to own or rent a home in America?
“When we accounted for house price appreciation in that monthly cost of owning, we found that it was more financially prudent to own rather than rent in 48 out of...
What’s next as banks tighten non-QM guidelines?
The non-QM market remains a “choppy” environment – but lenders equipped with the tools to withstand that turbulence will be well positioned moving ahead, according to the chief executive officer...
No more commission cuts? NEXA offers loan officers 100% splits
The Arizona-headquartered broker said the new program represents a radical departure from traditional mortgage industry compensation models that typically see companies keeping a substantial cut of loan officers’ commissions. Since...
Preventable fee cures cost mortgage lenders
“Fee cures and the costs associated with them – entirely preventable expenses – are contributing to the already ballooning cost to originate a mortgage,” said Tim Bowler, president of ICE...
Last chance to be named a Top Mortgage Employer
Last chance to be named a Top Mortgage Employer | Mortgage Professional News Entries for MPA's annual showcase close this Friday By Mortagage Professional America Entries for Mortgage Professional America’s...