Smart Rate, Michael Strauss no longer authorized to do business in Illinois
Smart Rate Mortgage, LLC is no longer licensed as a residential mortgage company in Illinois. Meanwhile, Michael Strauss, its only loan officer, now has an inactive status on...
ICE’s mortgage business outperforms in Q3 despite industry tailwinds
Intercontinental Exchange (ICE) Mortgage Technology reported an adjusted operating income of $131 million in the third quarter of 2023, up from Q3 2022’s $126 million —...
loanDepot accuses ex-COO Tammy Richards of stealing customers’ information
California-based nonbank lender loanDepot is suing former chief operations officer Tammy Richards for breach of contract and fiduciary duty, accusing her of stealing confidential information concerning the lender’s customers.
The move...
MISMO president on getting control of your AI
HousingWire Editor in Chief Sarah Wheeler sat down with David Coleman, president of MISMO, to talk about what’s changed in technology over the last 15 years, and...
How proptechs are adapting in a changing market
My, how things have changed. Just a couple years ago there was incredible momentum building around alternative ways to purchase, sell and extract value from residential...
Trustar Bank sells mortgage subsidiary to Archer
Virginia-based community bank Trustar Bank sold its mortgage subsidiary to Archer Mortgage Holding Company, the companies announced on Thursday. The financials of the deal were not disclosed....
Mortgage rates stabilize after Fed meeting
Mortgage rates stabilized this week as the Federal Reserve decided to keep its rates unchanged Wednesday. However, mortgage rates still remain at a 23-year high.
The 30-year fixed-rate...
Bob Goldberg out as NAR CEO
The National Association of Realtors’ longtime CEO Bob Goldberg is leaving the trade association, multiple sources with knowledge of the situation have confirmed to HousingWire Thursday...
Better Insurance is Better’s latest move to become a leading digital homeownership company
New York-based digital lender Better Home & Finance Holding Company launched Better Insurance to allow customers to shop for homeowners insurance through a fully digital platform.
Better...
Homestar Financial Corp. to cease retail operations
A combination of mortgage volatility and extreme margin compression forced Homestar Financial Corp. to suspend retail operations.
The Gainesville, Georgia-based lender announced plans to cease retail operations...