The decision removes any possibility that the Chicago-based firm would recapitalize or peddle Republic Mortgage Insurance to an outside entity. https://www.nationalmortgagenews.com/news/old-republic-sells-remaining-mi-business-to-arch
NextGenMortgage
UWM, Guaranteed Rate, Loandepot roll out new initiatives this week
Also, Wells Fargo, Finance of America entered into partnerships affecting real estate tax and cybersecurity solutions. https://www.nationalmortgagenews.com/news/uwm-guaranteed-rate-loandepot-roll-out-new-initiatives-this-week
Figure Technologies said to be mulling IPO for lending division in 2024
The blockchain fintech has purportedly tapped Goldman Sachs Group Inc., JPMorgan Chase & Co. and Jefferies Financial Group Inc. to help with the initiative, per Bloomberg's reporting. https://www.nationalmortgagenews.com/news/figure-technologies-said-to-have-cemented-bank-partners-for-ipo-plan
Delinquency rates are back on the rise
Loans more than 90 days past due increased for the first time this year in September, according to ICE Mortgage Technology. https://www.nationalmortgagenews.com/news/delinquency-rates-are-back-on-the-rise
Minority borrowers pay $200M more in mortgage costs in NY
A report from the state's attorney general found Black and Latino households end up paying that combined amount more in origination fees, interest rates and other associated costs, in addition to seeing higher rates of loan denials....