Last year was problematic for independent mortgage banks and the mortgage subsidiaries of chartered banks – according to new data from the Mortgage Bankers Association (MBA), this sector lost an average of $1,056 on each loan they originated in 2023, down from an...
Infosys (NYSE: INFY) is collaborating with Better Home & Finance Holding Co. (NASDAQ:BETR, BETRW) to launch Mortgage as a Service (MaaS), an integrated end-to-end digital mortgage white-labelled platform. According to the companies, companies that adopt MaaS “can...
The Mortgage Bankers Association is forecasting an increase in total mortgage origination to $1.95 trillion in 2024 from the $1.64 trillion expected in 2023, along with a mild recession during the first part of next year. The trade group also predicted purchase...
PADS Financial, a Montreal-based Fintech startup, announced the launch of PADS, an online platform for first and second rank mortgage origination and servicing within Canada’s housing market. According to the company, the PADS online portal enables users to...
Colonial Savings F.A. has announced it will be exiting the mortgage origination business as of July 31. The Fort Worth, Texas-based thrift said it would continue to provide mortgage servicing along with the remainder of its full-service banking offerings. Colonial...
Pending Home Sales Slide to Nearly Three-Year Low as Buyers Pull Back
