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While both volume and gain-on-sale margins improved year-over-year in the first quarter, discussions between mortgage lenders and Boston Consulting Group revealed a heightened focus on artificial intelligence-driven transformations to permanently manage costs, strategic management company said. Processing Content Consolidation is also on the table as a way to scale operations. The company’s quarterly report tracks […]

Bank of Nova Scotia agreed to acquire Maple Financial Holdings Inc., which owns a small US commercial bank, as the Canadian firm looks to expand its structured-finance business in the American mortgage industry.  Processing Content The deal, which will see the lender take over MapleMark Bank, is subject to customary closing conditions, Scotiabank said in

Berkshire Hathaway Inc. will acquire Taylor Morrison Home Corp. in an all-cash deal worth about $6.8 billion, the first major purchase under chief executive Greg Abel and a vote of confidence in the US housing market.  Processing Content The offer of $72.50 per common share represents a 24% premium to the home builder’s latest closing