Remax-affiliated Motto Mortgage doubles originations in 2020
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The mortgage brokerage franchisor added 30 operating offices and had its best year yet for unit sales.
Mr. Cooper bets on future servicing earnings as 4Q profits run high
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As its mortgage origination volume delivered another quarter of strong earnings, Mr. Cooper’s banking on its "enormous backlog" of REO orders to generate further profitability once the foreclosure moratorium is lifted.
Texas freeze, rate jump drive a week of stalled mortgage app activity
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Severe winter weather and another hike in mortgage rates stifled loan volume for the week, according to the Mortgage Bankers Association.
Flueid, a fintech streamlining title insurability, plans growth
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The company received an undisclosed amount of Series A funding from two investors to expand technology currently focused on helping lenders with timelines that are, on average, spinning out of control.
Appraisal Foundation cites COVID, fair housing in USPAP change delay
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The organization postponed the issuance of its next set of revisions, which would have gone into effect at the start of 2022.
Refi Share of Closed Loans Rose 7 bp in January
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Posted To: MND NewsWire

Ice Mortgage Technology (formerly Ellie Mae) said that closed loans continued show declining note rates in January, dropping from an average of 2.93 percent in December to 2.88 percent. The decline occurred across all loan types. The 30-year rate on conventional loans dropped to 2.91 percent from 2.96 percent and the 30-year rate on FHA loans declined by 8 basis points to 2.86 percent. The VA rate averaged 2.60 percent compared to 2.66 percent the prior month. As rates retreated, the percentage of refinances continued to increase , the ICE Mortgage Origination Report said, representing 67 percent of closed loans, up from 60 percent in December 2020. The refinance share varied among lenders, from 74 percent for conventional loans, to 36 percent for VA loans, and 24 percent for FHA. The FHA refi...(read more)

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Cash-out refis help drive pandemic-era mortgage boom
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Origination volume hit a record high in 2020 as more borrowers tapped the equity in their homes and investors and second-home purchasers flocked to the market at levels unseen since before the Great Recession.
Refinancing activity dies down on the heels of rate rise
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Between the dip in refis and the approach of the spring buying season, mortgage lenders are likely to start paying a little more attention to the purchase market, which is less rate-sensitive.
Ocwen Financial to diversify origination channels with $250 million debt investment
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Ocwen Financial, a nonbank mortgage servicer and originator, said Wednesday
Commercial and multifamily mortgage bankers slated to close more loans in 2021
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The Mortgage Bankers Association (MBA) has forecast an 11% gain
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