West Capital Lending has sued loanDepot, accusing the California-based mortgage lender of engaging in a long-running compensation scheme that violates the Truth in Lending Act.
As oil spiked toward $120, the 10-year yield moved to 4.21{f6627051b3e5e94eb696797e8778f672f0272f82ff6b53cb7658728b8d72fb0c} then eased to 4.13{f6627051b3e5e94eb696797e8778f672f0272f82ff6b53cb7658728b8d72fb0c} while mortgage rates stayed near 6.17{f6627051b3e5e94eb696797e8778f672f0272f82ff6b53cb7658728b8d72fb0c}.
Real Estate One CEO Dan Elsea says consolidation is driven by margin pressure, while the firm targets 20{f6627051b3e5e94eb696797e8778f672f0272f82ff6b53cb7658728b8d72fb0c} market share with multiple brands.
Multichannel mortgage lender Newrez has launched Newrez TitlePass for use in its wholesale channel, giving mortgage brokers a way to waive the lender title insurance requirement on certain refinance loans.