Technology | Inside Mortgage Finance

Grapevine: More Homeowners Staying Put; Gains From eClosing

November 15, 2024

Lock-in persists; eClosing found to provide pricing gains; home sales expected to increase; LOs shy away from AI; credit card offers rewards points for mortgage payments; steady profits for LendingTree from lead business.

Short Takes: LOs Shy Away From AI / Homeowners Consider Moving Post-Election / Home Tours Increase / InterLinc Ready to Hire

November 14, 2024

Brandon Ivey

Among LOs that knowingly use AI, the most cited use was for marketing efforts.

Losses Increase at Better, Profitability a Ways Off

November 13, 2024

Brandon Ivey

Officials at the nonbank said they’re “managing towards profitability in the midterm.”

Short Takes: Applications Hold Steady / Mixed Trends in Foreclosures / Cherry Hill REIT Takes Loss / A&D Provides CRM Tool to Brokers

November 13, 2024

Brandon Ivey

There was little movement in applications for purchase mortgages or refinances last week.

Short Takes: FICO Increasing Score Price / Earnings Jump at Finance of America / Zillow Increases Originations / Losses Narrow at Blend

November 7, 2024

Brandon Ivey

The wholesale royalty cost for a FICO credit score for mortgage originations will increase by 41% in 2025 to $4.95.

Mortgage Companies Urged to Explore AI for Efficiency

November 6, 2024

Monica Hogan

Laura Escobar, 2025 chair of the MBA and president of Lennar Mortgage, encouraged MBA members to become more comfortable incorporating AI into their businesses.

Short Takes: Pending Home Sales Increase / NerdWallet Acquires Mortgage Broker / ICE Takes Losses on Mortgage Tech Offerings / Monthly Payments Allowed Soon for NFIP

October 31, 2024

Brandon Ivey

A decline in interest rates and more housing inventory helped to increase pending home sales in September.

Short Takes: Chimera to Acquire Asset Manager / $300 Million Investment in HEI Provider / Cerberus Packages US Bank Loans / Jumbo MBS From Chase / Rocket’s Latest CES Securitization / Better Launches Voice AI

October 17, 2024

Brandon Ivey

Chimera will pay $30 million upfront for Palisades Group and an earnout of up to $20 million.

Short Takes: PNC’s Originations Increase, Margins Decline / Home Price Appreciation Slows / Low Satisfaction / PenFed Turns to Blend

October 15, 2024

Brandon Ivey

PNC's margin on mortgage production declined from 1.96% in the second quarter of 2024 to 1.45% in the third quarter.

Short Takes: Still No Capital Re-Proposal / Winner of NPL Auction / Compliance Dataset From MISMO / NYMT Back With IPL MBS

October 11, 2024

Brandon Ivey

No indication yet from federal regulators on when a planned re-proposal of capital requirements for large banks will be issued.

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Grapevine: More Homeowners Staying Put; Gains From eClosing

Short Takes: LOs Shy Away From AI / Homeowners Consider Moving Post-Election / Home Tours Increase / InterLinc Ready to Hire

Losses Increase at Better, Profitability a Ways Off

Short Takes: Applications Hold Steady / Mixed Trends in Foreclosures / Cherry Hill REIT Takes Loss / A&D Provides CRM Tool to Brokers

Short Takes: FICO Increasing Score Price / Earnings Jump at Finance of America / Zillow Increases Originations / Losses Narrow at Blend

Mortgage Companies Urged to Explore AI for Efficiency

Short Takes: Pending Home Sales Increase / NerdWallet Acquires Mortgage Broker / ICE Takes Losses on Mortgage Tech Offerings / Monthly Payments Allowed Soon for NFIP

Short Takes: Chimera to Acquire Asset Manager / $300 Million Investment in HEI Provider / Cerberus Packages US Bank Loans / Jumbo MBS From Chase / Rocket’s Latest CES Securitization / Better Launches Voice AI

Short Takes: PNC’s Originations Increase, Margins Decline / Home Price Appreciation Slows / Low Satisfaction / PenFed Turns to Blend

Short Takes: Still No Capital Re-Proposal / Winner of NPL Auction / Compliance Dataset From MISMO / NYMT Back With IPL MBS

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Featured Poll

The mortgage industry has been shedding jobs for a while now, but some lenders — particularly ones that focus on non-QMs — are talking about staffing up in anticipation of increased originations. Is your shop planning to hire this year?

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The mortgage industry has been shedding jobs for a while now, but some lenders — particularly ones that focus on non-QMs — are talking about staffing up in anticipation of increased originations. Is your shop planning to hire this year?

Technology
RSS