Dallas-based Mr. Cooper Group Inc. (NASDAQ: COOP) has acquired all outstanding shares the wholesale lender Home Point Capital Inc. (NASDAQ: HMPT) for approximately $324 million in cash. As part of the transaction, Mr. Cooper will assume $500 million in outstanding...
There was buoyant activity in the home loan market last week, according to data from the Mortgage Bankers Association (MBA). The trade group’s Market Composite Index was up by 6.3% on a seasonally adjusted basis from one week earlier, while the unadjusted index was...
Mortgage credit availability dropped in April to a level not seen since January 2013, according to the latest Mortgage Credit Availability Index (MCAI) report from the Mortgage Bankers Association (MBA). The MCAI dipped by 0.9% to 99.6 in April – the index was...
Sagent, a King of Prussia, Pennsylvania-headquartered fintech software company focused on mortgage servicing for banks and lenders, has opened a non-U.S. headquarters in Chennai, India. The new 18,367 square-foot facility will employ more than 120 individuals. Sagent...
Republic First Bancorp, Inc. (NASDAQ: FRBK), the Philadelphia-headquartered holding company for Republic First Bank d/b/a Republic Bank, announced it is shutting down its mortgage origination business. “Republic Bank will exit its legacy mortgage origination...
The New York State Assembly now considering a bill that would raise the minimum borrower age for a reverse mortgage customer from 60 to 62. Reverse Mortgage Daily reported that State Assembly Bill A5877 would also make additional changes to the state’s reverse...
