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The machine that’s coming for the robots April 14, 2021

Last year, the market experienced record-breaking volume. But now as the volume slacks, mortgage lenders are exploring how technology could help cut costs. The post The machine that’s coming for the robots appeared first on HousingWire.

Jordan White

JPMorgan Chase’s mortgage margins narrow in Q1 April 14, 2021

JPMorgan Chase increased originations by 21% over the fourth quarter of 2020, but compressed margins ate away at the bank's mortgage profits in Q1 2021. The post JPMorgan Chase’s mortgage margins narrow in Q1 appeared first on HousingWire.

James Kleimann

Sprout Mortgage shakes up executive suite April 14, 2021

Non-QM lender Sprout Mortgage has shaken up its C-Suite – it's brought on Henry Santos as CIO and Laura LaRaia as general counsel/head of compliance. The post Sprout Mortgage shakes up executive suite appeared first on HousingWire.

Alex Roha

NewRez to acquire Caliber in $1.7B deal April 14, 2021

New Residential Investment Corp. (NewRez) has agreed to buy Caliber Home Loans from Lone Star Funds for $1.675 billion, 1X book value. The post NewRez to acquire Caliber in $1.7B deal appeared first on HousingWire.

James Kleimann

Mortgage applications continue to fall, inventory remains low April 14, 2021

For the sixth straight week, mortgage applications declined. They were down 3.7%, per the latest report from the Mortgage Bankers Association. The post Mortgage applications continue to fall, inventory remains low appeared first on HousingWire.

Tim Glaze

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