Mortgage rate-lock activity declined sharply in September as higher borrowing costs and a selloff in bonds weighed on lending pipelines, according to Mortgage Capital Trading’s October Lock Volume Indices.Total rate-lock volume fell 10.15% from August, while...
Better Home & Finance Holding Co. has authorized a share repurchase program of up to $30 million as the digital mortgage company pursues expense reductions and a proposed sale of its U.K. banking business.According to the company’s October 8 announcement,...
Fannie Mae announced October 8 that it is offering approximately $265.6 million in nonperforming mortgage loans for sale, including a smaller pool focused on the Dallas–Fort Worth market.The larger offering consists of about 1,217 deeply delinquent loans with $259.9...
Mortgage technology company Vesta announced a $30 million Series B financing led by Conversion Capital, adding capital and strategic support from lenders that are already navigating the economics of automation in loan production.Participants included Pennymac, New...
Florida’s Citizens Property Insurance Corporation has stopped agents from binding new coverage or increasing existing coverage anywhere in the state as Hurricane Isaias approaches the northern Gulf Coast. The restriction began at 11:05 a.m. Eastern on Wednesday. On...
Fitch Warns Mortgage Lenders Face 2027 Squeeze as Servicing Exposure and De…
