Improved profitability expected for largest nonbank mortgage lenders — if higher origination volumes actually materialize.
Tagged: Mortgage Origination
Zillow Group's do-it-all real estate business returned residential revenue growth and narrower losses for the second consecutive quarter.
The GSE cited stronger-than-expected job gains in the August employment report and sizable upward revisions to personal income data
The firm lowered its expectations due to lackluster purchase volume
Overall loan balances rose to the highest level in more than four years
UWM's purchase volume saw a 7% increase from last quarter and a 15% increase YOY.
Originator reports a quarterly net loss of $72 million on revenues of $223 million as first-quarter origination volume declines 8% year over year.
Mortgage originations for 4Q 2023 hit $394 billion.
Connecticut banking commissioner alleges violations of Truth in Lending and Fair Credit Reporting Act.
The state reminds employers that MLOs are not independent contractors.