After posting $33M in profit in 2024, PHH Mortgage's parent company said Thursday it will invest further in loan servicing and the originations tech that handles a majority of its customer inquires
Dallas-based loan servicer is using AI to collect monthly mortgage payments from 6.7M homeowners, a business that generated $393M in pretax income during Q4
Trump calls for lower interest rates after release of January CPI report. Powell says Fed is in no hurry to cut rates, and bond market investors who fund mortgages are taking him at his word
In a flurry of activity, the cloud banking solutions provider appointed Sean Desmond as CEO while granting a big shareholder, HMI Capital Management, a seat on its expanded board of directors
Mortgage giant's 60-second 'Own the Dream' Super Bowl ad featured a live singalong by thousands of fans in New Orleans to John Denver's 'Take Me Home, Country Roads'
Homebuilders already sounding the alarm on the potential impact on housing costs if Trump follows through on threats to impose duties on Canadian wood and Mexican gypsum
Congressional Democrats vow to fight moves to 'unlawfully delete this popular consumer watchdog that enjoys the broad bipartisan support of 4 out of 5 Americans'
Inflation expectations surged after President Donald Trump announced plans to impose tariffs on goods from China, Canada and Mexico, a new University of Michigan survey of consumers finds
Requests to refinance were up 12% week over week and 17% from a year ago last week after rates for 30-year fixed-rate loans pulled back to the lowest level in 6 weeks
Conversational generative AI chat assistant, Ask Obi, is aimed at providing high-level insights 'to better understand the data that drives their business,' Chief Product Officer Erin Wester says
'Better Forever' incentive will not be offered on HELOCs, nor to borrowers who apply for a mortgage through third-party platforms like LendingTree, CreditKarma, Bankrate or Nerdwallet
With listings scarce and refinancings sluggish, the strategy of partnering with homebuilders to form joint ventures like Onx X+ Mortgage is to grow loanDepot's purchase loan business
After growing by 22% last year, inventory is 'a bright spot for a market that’s been dealing with deep deficits in recent years,' according to ICE Mortgage Monitor report for February
Getting out from under $1.95T cap would allow bank to grow its deposit base, providing more room on the balance sheet to originate jumbo mortgages too big for Fannie and Freddie
President of Irvine, California-based wholesale mortgage lender with history of drunk driving convictions arrested on suspicion of murder after 88-year-old man is killed in head-on accident
In renewing a call that building materials be exempt from tariffs, trade group notes that more than 70% of imported softwood lumber and gypsum used for drywall comes from Canada and Mexico
Partnerships with agents and builders lay the groundwork for a foray into Florida, Georgia, North Carolina, South Carolina, Tennessee led by former Guild Mortgage exec John Porath
Bond market investors who fund most mortgages didn't panic Friday over reports that the US will impose tariffs on China, Canada and Mexico on Saturday, but details remain sketchy
Parent company will invest up to half of its excess cash in the 'highly volatile' cryptocurrency to pave the way for enabling bitcoin payments for agents and customers at a later date
Trump wants the central bank to lower rates. Fed Chair Jerome Powell says he's not spoken to the President, and that 'we don't need to be in a hurry to adjust the policy stance'
