The machine that’s coming for the robots
Last year, the market’s wish for record-setting volume was granted – but at a cost. The only way to capture that volume was to hire,…
Author: Housing Wire
JPMorgan Chase’s mortgage margins narrow in Q1
JPMorgan Chase increased originations by 21% over the fourth quarter of 2020, but compressed margins ate away at the bank’s mortgage profits in the first…
Sprout Mortgage shakes up executive suite
Non-QM lender Sprout Mortgage has brought on Infosys‘s chief information officer and global director of real estate finance solutions, Henry Santos, as its own CIO…
NewRez to acquire Caliber in $1.7B deal
Acquisitions-hungry New Residential Investment Corp. (NewRez) has agreed to acquire multichannel lender Caliber Home Loans in a deal valued at $1.675 billion, the firms announced…
Mortgage applications continue to fall, inventory remains low
Mortgage applications declined for the week ending April 9, according to the latest report from the Mortgage Bankers Association. It’s the sixth consecutive week of…
The purchase mortgage market is back on top
The share of refinances in mortgage origination volume dipped below 50% for the first time in 15 months in March, according to Black Knight‘s new…
Working with buyers in the nation’s hottest housing market
Austin, Texas might be the hottest housing market in the country. The Lone Star State’s friendly tax policies combined with the city’s huge tech scene…
Why millions of prospective borrowers are stuck in ‘no man’s land’
The White House’s March jobs report showed encouraging job growth one year after the first pandemic-related unemployment claims. Still, the Biden administration says the economy…