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Homehome loans

home loans

Housing Wire

Ex-Wyndham Capital Mortgage exec launches Cornerstone Home Loans 

March 31, 2023 Mark Paul Cervantes Comments Off on Ex-Wyndham Capital Mortgage exec launches Cornerstone Home Loans 

Donny Kirby, former vice president of national direct-to-consumer sales at Wyndham Capital Mortgage, spent more than 12 years at Charlotte, North Carolina-based company before leaving to start a mortgage broker shop, Cornerstone Home Loans. At […]

Housing Wire

Demand for home loans climbs despite surging mortgage rates 

March 8, 2023 Mark Paul Cervantes Comments Off on Demand for home loans climbs despite surging mortgage rates 

It’s counterintuitive but real: Despite surging mortgage rates, borrowers’ demand for home loans rose last week. There were very low levels of mortgage applications in the weeks prior to the surprising uptick. However, a surge […]

mortgage
Housing Wire

Lower mortgage rates, higher inventory boost demand for home loans 

January 18, 2023 Mariel Alumit Comments Off on Lower mortgage rates, higher inventory boost demand for home loans 

Like its competitors, Tennessee-based First Community Mortgage, Inc. (FCM) reduced the company’s size through 2022 amid a tough mortgage market. At the start of 2023, the company is investing in training the sales team on tactics to start growing […]

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U.S. Market

Rocket
Housing Wire

Rocket lost money last year, so why are its shares up?

February 25, 2024 Comments Off on Rocket lost money last year, so why are its shares up?

​ Rocket Companies, the parent of Rocket Mortgage, lost money in 2023, but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability. Despite reporting […]

delinquency rates
Housing Wire

Industry experts are closely watching delinquency rates, insurance costs

February 25, 2024 Comments Off on Industry experts are closely watching delinquency rates, insurance costs

​ Mortgage servicers, regulators and economists are closely watching the delinquency rates for Federal Housing Administration (FHA) loans following a spike in the fourth quarter of 2023. Industry experts say that although there’s a correlation […]

Jobs
Economy

Jobs data sends mortgage rates higher

February 3, 2024 Comments Off on Jobs data sends mortgage rates higher

​ Today we got a jobs Friday hat trick! Better headline jobs were reported, with positive revisions and more robust wage growth, which caught bond traders off guard and sent bond yields and mortgage rates […]

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