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LendingLife

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EasyKnock, facing fire on multiple fronts, abruptly shuts down

December 9, 2024 by bp56691
Founded in 2016, New York-based residential sale-leaseback platform EasyKnock goes out of business.
Categories Capital Funding, EasyKnock, Home Equity, LendingLife, Mortgage, Regulatory Compliance, Venture Capital

Small drop in mortgage rates a good sign for December

December 3, 2024 by bp56691
Small drop in mortgage rates a good sign for December
If housing industry professionals are looking for an early Christmas gift, they might receive it in the next two weeks if key economic indicators move in the right direction.
Categories Altos Research, Federal Reserve, LendingLife, Mortgage, Mortgage Rates, Mortgage Rates Center, Origination, United Wholesale Mortgage, Veterans United Home Loans

Citi invests in mortgage platform Pylon

November 26, 2024 by bp56691
Mortgage infrastructure provider Pylon received a minority investment from Citi, and will sell mortgages on its platform through the bank’s mortgage trading desk.
Categories Artificial Intelligence, Citigroup, LendingLife, Mortgage, Origination, Technology

Dustin Owen on housing affordability: ‘I don’t think it’s going to be solved over the next four years’

November 25, 2024 by bp56691
Dustin Owen says that Donald Trump’s policies on tariffs and immigration could raise inflation and interest rates rather than lowering them.
Categories Affordability, LendingLife, Mortgage, Mortgage Rates, Podcast, Podcasts

Mortgage servicing execs expect ‘profound’ changes under Trump 

November 21, 2024 by bp56691
These key changes come could in the form of interest rates, conforming loan limits and reform of the government-sponsored enterprises.
Categories Freedom Mortgage, LendingLife, Mortgage, Mortgage Servicing, Mortgage servicing rights, New York City, Regulatory Compliance, Servicing, Two Harbors Investment Corp.

Credit bureaus will push to scale back mortgage trigger leads bill

November 19, 2024 by bp56691
Credit bureaus will push to scale back mortgage trigger leads bill
The passage of the mortgage trigger lead bill as proposed in Congress may face a challenge this week from the consumer reporting industry.
Categories Community Home Lenders Association, credit report, LendingLife, Mortgage, Mortgage Bankers Association, Origination, Senate, U.S. Senate

Chrissi Rhea, co-founder of Mortgage Investors Group, has died

November 15, 2024 by bp56691
Chrissi Rhea, co-founder of Mortgage Investors Group and member of the MBA’s board of directors, died on Nov. 8, at the age of 73.
Categories Bob Broeksmit, LendingLife, Mortgage, Mortgage Bankers Association, Origination, Retail Lending

The trigger lead bill looks in doubt post-election

November 14, 2024 by bp56691
The post-election landscape has complicated the mortgage industry’s efforts to pass a trigger lead bill. Backup plans are being formulated.
Categories CFPB, Congress, Election 2024, House of Representatives, Lead Generation, LendingLife, Mortgage, Origination, Regulatory, Senate

Movement Mortgage names Steve Smith president and CFO

November 13, 2024 by bp56691
Top retail mortgage lender Movement Mortgage named longtime industry executive Steve Smith its newest president and CFO.
Categories LendingLife, Mortgage, Movement Mortgage, Origination, People Movers

Rocket’s origination volume jumps 28% in Q3

November 13, 2024 by bp56691
Rocket’s origination volume jumps 28% in Q3
Detroit-based Rocket Companies saw its strategy of investing in technology and expanding its servicing portfolio start to pay off in Q3 2024.
Categories Annaly Capital Management, Artificial Intelligence, Earnings, LendingLife, Mortgage, Mortgage Servicing, Mortgage servicing rights, Origination, Rocket Mortgage
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