LoanDepot’s earnings showed growth in loan originations as interest rates fell, homebuyers looked to refinance, and the housing market has entered what management termed a more normalized environment. The company returned to profitability for the first time since the fourth quarter of 2022 and introduced...
FinTech mortgage lender Beeline will launch a Spanish-language version of its home loan experience on May 1. Like Beeline’s existing offering, the new experience, which is dubbed Colmena (“hive” in English), will adjust to applicants on the fly, preapprove them in real time, and offer conventional or non-qualified mortgage...
LoanDepot is investing in technology as it prepares for a rebound in industrywide mortgage origination volumes. While the provider of home lending solutions reduced its expenses by 36% in 2023, right-sizing itself for today’s lower market volumes, it also invested in platforms and systems to boost...
Despite high construction costs and interest rates, U.S. homebuilders are confident in their industry. The latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) showed confidence among builders in the market for newly constructed single-family homes rising two points this month to...
March 13, 2018
Millennials, we have long been assured, were never, ever going to buy houses. Some hypothesized that the lingering memory of the Great Recession’s origins in profligate mortgage underwriting would scare them away forever. Others pushed a theory that the supersized costs of college combined with the stagnant economy that greeted millennials as they entered the workforce left them […]
January 23, 2018
Very few consumers review the mortgage application process as a high water mark in their lives. Finding that perfect home can be fun and exciting – but for the majority...
December 17, 2024
New York’s financial watchdog has proposed new measures governing nonbank mortgage lenders. The New York State Department of Financial Services (DFS) says this new regulation would ensure these lenders are supporting access to home loans in the communities they serve, especially in neighborhoods with low- and moderate-income residents. “Everyone deserves a fair shot at owning a home, regardless of […]
April 22, 2024
FinTech mortgage lender Beeline will launch a Spanish-language version of its home loan experience on May 1. Like Beeline’s existing offering, the new experience, which is dubbed Colmena (“hive” in English), will adjust...
March 12, 2024
LoanDepot is investing in technology as it prepares for a rebound in industrywide mortgage origination volumes. While the provider of home lending solutions reduced its expenses by 36% in 2023, right-sizing...
March 15, 2023
Despite high construction costs and interest rates, U.S. homebuilders are confident in their industry. The latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) showed confidence among...