Non-QM/non-agency lender adds 30-year industry vet to build wholesale partnerships along the East Coast.

Steve Schachter, President of Sourcepoint, addresses some of the top compliance and regulatory risks for lenders in 2022 and beyond.

With mortgage rates jumping for four consecutive weeks, overall mortgage application volume continues to suffer, dropping 6.3% over the previous week.

Bringing nearly 25 years of product experience to Spruce, the new VP of Product will work to identify, build, and deliver offerings to the company’s customer base.

MReport looked through the eyes of five on the front lines of the industry’s diversity and inclusion efforts to analyze what’s working, what’s not working, and what else can be done to diversify the mortgage space.

Listing on a Thursday in late April can earn 2.8% more, or approximately $9,300 on the average U.S. home, according to a new Zillow report.

Under terms of the $137.8 million deal, Redfin will wind down its Redfin Mortgage business, and Bay Equity will continue to operate under its own name with current leadership.

As supply chain and bottleneck issues continue to impact the housing industry, Steve Adamo of Embrace Home Loans spoke with MReport about remedies to alleviate these concerns.

Fixed-rate mortgages continue to edge closer to the 5% mark, rising once again to 4.67%, as an increasing number of buyers are shut out due to affordability concerns.  

With mortgage rates hitting a three-year high, the MBA recorded continued declines in both purchase apps and refis last week.