The roiling mortgage lending marketplace continues to present some lenders with even more challenges that force the adoption of coping strategies to cut their losses, while opening up fresh opportunities for others to deploy the next phase in their long-term strategic plans. loanDepot.com, based in Foothill Ranch, CA, the latest start-up by the founders of E*TRADE Mortgage and LendingTree Loans, falls into the latter category, recently launching its new national expansion plan with the opening of a new origination center in Franklin, TN, just outside of Nashville. Company President Tomo Yebisu said Franklin was chosen because of...
Moves by the Trump administration are disrupting the economy and the federal agencies that deal with the housing market. Bob Broeksmit, president and CEO of the MBA, isn’t sure how it’s all going to play out.
Is Onity Group eyeing a sale? Perhaps. And why not? Servicing values are approaching a 25-year high.
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