PHH Mortgage officially rolled out a new lending product suite this week as it looks to tap into growing mortgage industry demand for non-agency offerings. The proprietary non-qualified mortgage products, collectively known as FlexIQ, will be available through PHH’s correspondent lending channel for both delegated and non-delegated loans. The lender is a subsidiary of West […]
PHH Mortgage introduces new non-QM product suite Read More »
Nexa Lending welcomed mortgage industry veteran Tammy Richards as chief strategy officer, one of a series of recent moves introduced by the company as it also undergoes a rebranding initiative. As chief strategy officer, Richards will help lead market development and expansion for the Mesa, Arizona-based lender, which recently changed its name from Nexa Mortgage.
Nexa Lending adds Tammy Richards to executive team Read More »
In this week’s banking news roundup: Flagstar’s shareholders approved a plan to merge its holding company into the bank; Huntington tapped a new chief auditor, along with two new business leaders; First Foundation hired a new chief credit officer; and more.
Flagstar’s shareholders approve plan to dissolve holding company Read More »
Several developments involving companies active in the industry’s secondary and capital market emerged this week. AI-driven pricing data provider buys MBS specialist Solve, a provider of pre-trade data and predictive pricing that has long used artificial intelligence to aggregate and analyze information, announced Thursday that it has purchased a company with similar but deeper capabilities
Tech developments in the mortgage capital markets heat up Read More »
Fathom Holdings is deepening its Western presence and doubling down on first-time homebuyers with its acquisition of Colorado-based START Real Estate. The deal adds 70 agents and a first-time buyer program that recently entered Utah, bolstering Fathom’s network following its purchases of Arizona’s My Home Group and Texas-based Elite Financing Group. “START Real Estate’s growth
Fathom expands in West with START Real Estate deal Read More »
Amidst a credit score war, Experian has thrown the latest punch. The data and technology company will now offer VantageScore 4.0, a credit scoring model, for free to its mortgage clients in the United States. “Experian is dedicated to fostering a more competitive mortgage landscape, creating a safer and sounder market, and expanding access to
Experian to offer VantageScore 4.0 for free Read More »
The US is now collecting tariffs on imported timber, lumber, kitchen cabinets, bathroom vanities and upholstered furniture, duties that threaten to raise the cost of renovations and deter new home purchases. The import taxes — initially set at 25% for cabinets, vanities and upholstered wooden furniture — officially took effect on Tuesday at 12:01 a.m.
Trump’s lumber tariffs take hold, threatening to hike home costs Read More »
Douglas Lebda, the founder and chief executive officer of LendingTree Inc., died Sunday following an all-terrain vehicle accident. He was 55. “We are deeply saddened by the sudden passing of Doug,” LendingTree’s board of directors said in a statement. The accident occurred on his family farm in North Carolina. He is survived by his wife,
LendingTree founder, CEO Douglas Lebda dies in ATV accident Read More »
When it comes to learning about today’s housing market, a majority of potential buyers are going digital, turning toward artificial intelligence and social media for information, according to Realtor.com. A majority of potential buyers said they are excited about how AI can help personalize their home search experience, and 82% are using it in their
ChatGPT, Gemini increasingly used in home buyer searches Read More »
Following a turbulent summer, customer-relationship management platform Aidium has relaunched as Lendware, with new leadership installed and existing operations overhauled. New York-based technology firm Lendware announced this week it had acquired assets belonging to the CRM platform, subsequently rebranding it to the new parent’s name. The company also appointed longtime technology executive Josh Glantz
Aidium rebrands as Lendware after summer turmoil Read More »