Housing Wire
NOVEMBER 22, 2023
Mike Cagney’s financial technology firm Figure Technologies has taken another step to go public with its lending division, LendCo , hiring investment banks to coordinate the initial public offering (IPO), per a Bloomberg report. However, the report states there’s no final decision on the timing and valuation. for the IPO.
Housing Wire
FEBRUARY 7, 2023
The company has 39 active loan officers across its retail branches, according to Modex data. Clients will also benefit from access to new digital and customer relationship tools that improve every step in the lending experience, including servicing, a Guild strength for decades,” Thompson said in prepared remarks.
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Housing Wire
FEBRUARY 8, 2021
billion valuation later this week. If all goes according to plan, loanDepot would command a valuation of $6.2 At the time, loanDepot was seeking a valuation of between $12 billion and $15 billion, Bloomberg previously reported. The momentum for non-bank lending is here to stay. “The billion to $2.6
Housing Wire
JANUARY 15, 2021
Its retail originations actually fell slightly in the fourth quarter, likely due to a rise in coronavirus cases across the country (see page 15). Overall, retail originations declined to $20.1 The MSR valuation rose 12% over the prior quarter. billion from $20.7 Presented by: WFG. billion in loans serviced in Q4 2019.
Housing Wire
MARCH 23, 2021
retailers and e-commerce merchants, and every $1 of fraud now costs $3.36, up from $3.13 As origination volumes hit record highs in 2020, Truework’s verification experts saw a spike in fraud in mortgage lending, and expect that trend to continue this year. across U.S. How lenders can prepare for growing fraud threats.
Housing Wire
MARCH 8, 2024
We have identified the banks that have high commercial real estate concentrations, particularly office and retail and other [property types] that have been affected a lot,” Powell said. And the FDIC reported that home loans are the largest lending segment by dollar volume at more than 40% of community banks. in Q2 2023.
Housing Wire
JUNE 24, 2022
Texas lender Mid America Mortgage rebranded as Click n’ Close to expand into the mortgage technology industry following the sale of the majority of its retail lending operations. Click n’ Close will retain retail operations related to its reverse mortgage and lending business for Native Americans, the company said Monday.
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