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Lower founder Dan Snyder says that the multichannel lender wants to acquire at least one company this year and is willing to pay a premium.

GEORGETOWN, Texas and COLUMBUS, Ohio, Dec. 14, 2023 /PRNewswire/ -- Industry leaders Thrive Mortgage, LLC and Lower, LLC announced today an agreem...

Everyone’s above average, right? This morning I head to Chicago where residents have the dubious honor of being the worst when it comes to estimating home values. Homes are expensive… Who knew? Apparently not the vast majority of Americans, which reminds me of the saying, “Never underestimate the intelligence of the average person.” All Star Home surveyed Americans in the most populous U.S. cities, prompting them to guess home prices in their communities to determine where people have the best and worst home value intuition, and 86 percent of people were surprised a...

Parent company of Veritex Community Bank, which paid $54.9 million to acquire a 49 percent interest in Thrive in 2021, expects a $25 million to $30 million loss if the deal closes.

Remember, not all math puns are terrible...just sum. Analyzing residential servicing is a combination of math and psychology. If you were an institution thinking of buying mortgage servicing rights (MSR), or a lender running the numbers on retaining servicing rather than selling it to an aggregator like AmeriHome or Penny Mac, you don’t like hearing the saying, “Marry the house, date the rate.” You’d prefer that the loan stay “on your books” well into the future because you want the monthly cash flow. In 2020 and 2021 origination income was dominant. B...