Home equity investment companies were busy last month, securing investments and issuing securitizations. READ MORE: Home equity investment products set to soar, experts say The following is a roundup of recent news from some of those firms making moves in the marketplace. Myriad Group invests in The Home Equity Partners The Home Equity Partners, a […]
3 things that happened in home equity investment last month Read More »
Key Insight: Wells Fargo has tapped its head of consumer and small-business banking, Saul Van Beurden, to lead its expanding efforts in artificial intelligence. Supporting Data: Just in the past year, Wells Fargo has trained over 90,000 employees to use new AI tools, according to CEO Charlie Scharf. Expert Quote: The new appointment is “a
Wells Fargo taps head of consumer banking to lead on AI Read More »
Home prices continue to tick up in all price ranges across the country, but none saw more significant change than luxury homes, which hit a record high for the month of October this year. Luxury home prices in the United States rose 5.5% year over year to a median $1.28 million, according to a new
Luxury home price growth triples the pace of nonluxury homes Read More »
Zillow is helping renters use their monthly payments to boost their credit profiles through CreditClimb, a new tool powered by Esusu. Renters can now enroll in CreditClimb directly through Zillow to have their on-time rent payments reported to the three major credit bureaus for $20 a year. The tool also helps renters track their credit
Zillow launches new tool to help renters build credit Read More »
The pairing of exchange-traded funds to residential mortgage-backed securities is no new concept, but 2025 looks like it is turning into a renaissance year for RMBS ETFs, based on recent trends. Since November 2024, the bond market has seen at least four new issuances from investment banks, including the likes of JPMorganChase, Charles Schwab, Regan
Why 2025 might be the year of the mortgage ETF Read More »
Fraud and forgery attempts that appear in refinance transactions are turning out to be a rising risk factor leading to claims that end up costing title insurers hundreds of thousands of dollars. Claims resulting from fraud or forgery now average $206,976, according to research conducted by the American Land Title Association and consulting and actuarial
Forgery, fraud make up 40% of title insurance losses Read More »
West Palm Beach, Florida-based Newday USA, a specialist in lending to U.S. veterans, named Neil Brooks as president of its new mortgage program. As head of Newday Home, Brooks will lead efforts to open homeownership to veterans through the unit, including the launch of a network of national real estate agents. A U.S. Navy veteran,
Loandepot, Cenlar, Union Home add new mortgage leaders Read More »
Left to righ: Bryce Bradley, Rosegate Mortgage; Craig Freel, Rice Park Capital Management Private investment firm Rice Park Capital Management will acquire a retail and consumer-direct lender one year after the two businesses signed an initial partnership agreement. As in several recent mergers, the servicing pipeline potential figured prominently behind the Minneapolis-based financial firm’s decision
Rice Park acquires Rosegate Mortgage in recapture push Read More »
In a year marked by consolidation, the mortgage industry saw another two merger agreements over the past week, both leading to unions between Mid Atlantic lenders. On Monday, Northern Virginia-based Atlantic Coast Mortgage reported it had reached a deal to acquire a fellow in-state retail lender. Located in Fairfax and currently licensed in 40 states,
Mortgage M&A streak continues with new deals Read More »
Loandepot leadership said the company has set the course for profitability but still ended up in the red at the end of the third quarter, posting a loss for the fourth straight earnings period. The national lender reported a net loss totaling $8.7 million based on generally accepted accounting principles, with the total including fair-value
Loandepot touts growth trajectory after latest earnings loss Read More »