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Radian says hi to specialty insurer, bye to conduit, title

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Radian Group is diversifying its operations away from real estate finance, exiting its businesses outside of mortgage insurance and purchasing a specialty underwriter. In related moves, Radian will be acquiring Inigo Limited, a Lloyds specialty insurer for $1.7 billion in what it termed “a primarily all-cash transaction.” Meanwhile, in what Radian lately has called its […]

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New York, USA - 30 August 2024: Guaranteed Rate Logo on Phone Screen, Company Icon on Display

Large mortgage lender launches mobile app in Spanish

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Adobe Stock Rate, a large conventional mortgage lender, launched a Spanish language version of its Rate App Thursday to better serve Latino customers.  The release enhances the company’s Language Access Program, as Rate has seen more than 20,000 digital mortgage applications from Spanish-speaking customers since the program started in 2022. The move encourages Spanish-speaking borrowers

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CrossCountry to expand asset management arm

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CrossCountry HoldCo, the parent company of a large retail mortgage company, will expand its asset management arm through partnerships with an Ares Alternative Credit fund and Hildene Capital Management, among others. The asset management unit, CrossCountry Capital, will also expand its non-qualified mortgage investment platform and add complementary asset classes, such as residential transition loans,

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