Origination – Page 11 – Cantilever Real Estate

Newrez parent Rithm Capital posts 57% profit growth in 2024

February 6, 2025 by bp56691

Rithm Capital, which owns multichannel mortgage lender Newrez, built upon its success in 2023 with net income of $835 million in 2024. That figure represented a 57% increase from its profit of $533 million a year earlier.

Better announces ‘Better Forever’ borrower loyalty program

February 5, 2025 by bp56691

The program is designed to reward customers by waiving origination fees on future refinance or purchase loans. Customers who previously funded a loan through Better on or after Jan. 1, 2019, are automatically enrolled in the program.

Lower CEO Dan Snyder explores acquisitions, technology and growth plans

January 20, 2025 by bp56691

Lower recently acquired Neat Labs to transform its in-house technology stack going into 2025. CEO Dan Snyder shares more details.

Mortgage applications for new homes are 9% higher than a year ago

January 17, 2025 by bp56691

MBA builder application survey data for December highlighted 9% year-over-year growth in loan applications for new homes.

Conforming mortgage share hit record low in December

January 14, 2025 by bp56691

At the tail end of 2024, mortgage borrowers shifted their attention away from conforming mortgages and toward refinance opportunities. A report released Tuesday by Optimal Blue found that the conforming loan share sank to historic lows in December.

AFR’s Rob Pieklo explores the state of the 2025 wholesale mortgage market

January 12, 2025 by bp56691

In a new episode of 10 Minute Talks, HousingWire President Diego Sanchez sits down for an in-depth conversation with Rob Pieklo, president and chief operating officer of American Financial Resources (AFR).

Ally Financial closes mortgage origination business

January 8, 2025 by bp56691

Ally Financial announced Wednesday that it would exit the mortgage origination business as part of a broader strategy to pursue higher returns on investments.

Mortgage demand drops 22% during holidays as rates move higher

January 2, 2025 by bp56691

Rising mortgage rates suppressed applications in the MBA’s final mortgage applications survey index of 2024, released on Thursday. Unsurprisingly, application volume dropped significantly even with a seasonal adjustment to account for the holidays.

Mortgage groups gear up to get trigger leads bill passed in 2025

December 23, 2024 by bp56691

The trigger leads bill has become a 2025 priority for the mortgage industry after failing to pass the House of Representatives last week, despite Senate approval.

CFPB sues Rocket, The Jason Mitchell Group over RESPA violations

December 23, 2024 by bp56691

The CFPB is accusing Rocket Homes of orchestrating a kickback scheme to funnel business to its sister companies.