The credit rating agency Fitch Ratings has downgraded PacWest Bancorp and its banking subsidiary, Pacific Western Bank, citing the company’s recent decline in capital reserves. In a press release Wednesday,…

LoanDepot leaders said they believe the company will achieve profitability by the end of the year, after revealing a big second-quarter loss and even deeper budget cuts than previously announced.…

The Securities and Exchange Commission has fined Angel Oak Capital Advisors $1.75 million, and its portfolio manager, Ashish Negandhi $75,000 for deceiving investors about delinquencies in a fix-and-flip securitization. “Angel…

There are two ways to go about planning to buy your dream house. You can look at your salary and estimate how much house you can afford based on what…

For the fifth straight month, mortgage credit tightened with availability falling by the most in over two years to levels last seen over nine years ago, according to the Mortgage…

A near-majority of borrowers with long-term serious mortgage delinquencies have been late on their payments for a half year or more, according to a CoreLogic study released Tuesday. Around half…

Radian Group reported second quarter net income of $201.2 million, up from $181.2 million in the first quarter and $155.2 million in the second quarter of 2021. The Philadelphia-based company…

Many more mortgage professionals are unemployed after a slew of companies from a fintech startup to publicly traded industry leaders revealed layoffs. The cuts add to the lengthy list of…

Economic volatility to start the year pushed mortgage interest rates rapidly upward. Paired with skyrocketing home prices and extremely low inventory, many potential homebuyers quite frankly couldn’t afford to buy.…

Home ownership has reached a milestone in the U.S. Nearly half of mortgaged properties were considered equity-rich in the second quarter — meaning owners had at least 50% in home…