Origination
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Freedom Mortgage founder addresses ’extraordinary’ credit profiles, profitability and products 
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Middleman spoke Wednesday morning during a session at The Gathering, HousingWire‘s annual conference held in Scottsdale, Arizona, when the 30-year fixed ...

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Pennymac posts first-quarter profit of $39M
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Pennymac Financial Services earned a profit of $39.3 million in the first quarter of 2024, the California-based multichannel lender and servicer ...

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Mortgage demand slumps as interest rates move higher: MBA 
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Mortgage demand dipped last week as mortgage rates reached their highest levels since late 2023. Applications decreased by 2.7% on a seasonally ...

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Freddie Mac’s proposed home equity product could unlock $850B in originations
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A Freddie Mac home equity product that was proposed this week has the potential to unlock $850 billion in origination volume. But it could face ...

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Opinion: If you’re chasing volume, you’re chasing the wrong carrot
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One of the most notable surprises of 2024 has been the trajectory of mortgage rates. When the average rate on 30-year loans dropped from 8.01% on Oct. ...

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First Federal Bank to acquire Watson Mortgage Corp.
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Florida-based First Federal Bank announced on Thursday that it struck a deal to acquire Watson Mortgage Corp., expanding its mortgage retail lending ...

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Floify integrates with verifications platform Truv 
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Digital mortgage automation solutions provider Floify is partnering with Truv, a consumer-permissioned data platform, the company announced on ...

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FundingShield’s Ike Suri on the limits of AI in fighting fraud
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Editor in Chief Sarah Wheeler sat down with Ike Suri, chairman and CEO of FundingShield, to talk about rising fraud risks, what keeps him up at night, ...

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First Community Mortgage selects Blue Sage platform to scale business
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Tennessee-based multichannel mortgage lender First Community Mortgage announced on Wednesday that it has selected the Blue Sage Solutions digital ...

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Legacy Group Capital acquires home equity investment fintech Rook Capital
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Bellevue, Washington-based real estate investment firm Legacy Group Capital announced this week that it has acquired fintech company Rook Capital, a ...

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The ‘double-edged sword’ of dual licensing
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Launched in the fourth quarter of 2023, Real-Finity Mortgage LLC has already funded more than $13 million in mortgages in Texas, California and Florida, ...

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BofA’s mortgage production falls in Q1
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Bank of America (BofA) reported another quarterly decline in mortgage and home equity production in the first quarter of 2024. On Tuesday morning, ...

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