Author: Michael Gersitz

The first Walmart-based in-store branch from retail mortgage cooperative Lenders One opened this week in Newton, New Jersey. And two additional mortgage branches are expected to open in Walmarts in New Jersey and Florida within the next 30 days. Family

The mortgage industry needs to face the facts: today’s approach to lead generation is broken. For decades, mortgage lenders have relied on purchased lead lists to ferry in loan revenue. Unfortunately, purchased leads are expensive, and their lofty price tag

Guaranteed Rate this week walked away from negotiations to acquire Finance of America’s forward mortgage retail channel, which may result in FoA closing the division, sources with direct knowledge of the negotiations told HousingWire.  Meanwhile, FoA confirmed Friday that Finance

Switzerland-based global lender Credit Suisse Group AG had a rough start this week after its stock was beaten down by 11%, the value of its riskiest debt fell more than 10% and the cost of purchasing derivatives insuring against the bank defaulting

Brena Nath, Director of HW+ and Events OUR OCTOBER/NOVEMBER ISSUE has long focused on the state of housing, but what’s unique about the theme this year is the collaboration and synergies that are happening in the space. The state of

In late August, Gary Keller told the 11,300  Keller Williams agents, brokers and team leaders gathered in Austin, Texas for Keller Williams Mega Camp that this is the most confusing market he has ever seen. “It’s confusing, and it’s only

The latest weekly survey data from Freddie Mac shows the 30-year fixed-rate mortgage decreased four basis points last week to 6.66%, after jumping 40 basis points in the previous week, reflecting volatility due to the ongoing economic uncertainty.  But qualifying

Keller Mortgage, the lending arm of real estate holding company kwx, is the latest firm to be hit by the rapidly decreasing demand for mortgages. On Monday, the company underwent a “mass layoff,” according to posts by former Keller Mortgage

Pennymac executives say their goal is to become a “dominant player” in wholesale. On Thursday, the publicly traded multichannel lender launched a new technology platform for brokers called “POWER+,” a key step toward generating more broker business. “The platform was

FHFA Director Sandra Thompson The U.S. housing market has faced periods of high interest rates, home price appreciation and lack of inventory before. But these forces all happening at once makes the current landscape especially volatile and challenging, according to

ATTOM, a curator of real estate land and property data, on Wednesday announced that its platform has integrated loan originator data from the Nationwide Multistate Licensing System & Registry (NMLS). The company‘s property platform will now be able to provide

In an email sent on Tuesday, loanDepot CEO Frank Martell reminded staffers that in times like these, there are “no easy answers.” “We must deal with the realities of our market, face the future with determination, and focus on our