Author: Michael Gersitz

Mortgage demand continues to decline amid surging home loan rates, according to the latest survey from the Mortgage Bankers Association (MBA).  The mortgage composite index for the week ending Oct. 7 fell 2% from the prior week and 68.7% compared to the same period

Sacramento, California-based mortgage lender Summit Funding Inc. plans to make a round of layoffs in late November that will affect 72 employees, according to a document filed with the state’s Employment Development Department.  “With the demand for mortgage services falling to its lowest

It’s no coincidence that the post-2008 crisis mortgage expansion happened to occur during a period marked by transformative technological change in the industry. However, a double whammy of building economic headwinds and a proposed merger between ICE Mortgage Technology and Black

Black Knight announced the integration of its digital servicing platform and its Surefire CRM, which it says will enhance customer engagement and retention. Servicing Digital, offered as an app or responsive web design, allows customers to easily access their loan-

There’s a showdown at the housing market corral between homebuyers and sellers. (Image by Brandon Johnson/HW Media.) When I came up with the “savagely unhealthy housing market” label in February of this year, it was based on the premise that

Moon Mortgage, a crypto-backed mortgage provider, on Tuesday announced raising a $3.5 million seed round, led primarily by Cadenza Ventures and CoinFund. The funds will be utilized to finance its lending product, CryptoMortgage. Moon Mortgage’s CryptoMortgages will allow investors to

AEGIS Land Title Group last week announced the acquisition of Capital Title of Washington, a boutique independent title and escrow provider operating in the greater Seattle area. Terms of the deal between AEGIS, which is owned and operated by Paul

Mortgage Coach, a mortgage platform that enables lenders to educate borrowers with home loan presentations, announced that its platform will be integrated with Insellerate, a customer relationship management (CRM) platform. The integration streamlines the sales process by enabling loan officers

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