Ally Financial closes mortgage origination business
Ally Financial announced Wednesday that it would exit the mortgage origination business as part of a broader strategy to pursue higher returns on investments.
Origination
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Mortgage demand drops 22% during holidays as rates move higher
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
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
The CFPB is accusing Rocket Homes of orchestrating a kickback scheme to funnel business to its sister companies.
loanDepot’s Frank Martell on building lifelong consumer relationships through technology
In this week’s episode of the Power House podcast, HousingWire President Diego Sanchez sits down for a tantalizing conversation with Frank Martell, the president and CEO of loanDepot, to discuss the company’s profitability in the third quarter of 2024 and its Project North Star growth plan for 2025.
CreditXpert announces launch date for new credit optimization platform
The company is sunsetting a pair of tools as it focuses on credit optimization rather than traditional credit repairs.
Another Fed rate cut is expected Wednesday, but mortgage rates aren’t likely to tumble
Mortgage rates haven’t moved in tandem with recent Fed rate cuts. Don’t expect that pattern to change much after policymakers meet Wednesday.
Guild Mortgage CEO Terry Schmidt on adopting a ‘customer-for-life’ strategy
Guild Mortgage CEO Terry Schmidt joins the Power House podcast to explore her company’s recent growth and “customer-for-life” strategy.
AARP assesses aging in place, role for reverse mortgages
A new AARP report found that communities and policies need to work harder to address the aging in place preferences of seniors.
Uplist’s Jeff Bell on finding efficiencies for loan officers
Jeff Bell, president of UpWell Mortgage and Uplist, talks about the industry turning a corner after two rough years.