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Mr. Cooper Locks Down Online Systems After Cybersecurity Breach

November 9, 2023
James Dohnert
Mr. Cooper said customers would not incur fees, penalties or negative credit reporting due to late payments related to the shutdown.
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Redwood Doubles Down on Jumbo Partnerships with Banks

November 3, 2023
James Dohnert
Redwood Trust grew its loan selling partnerships with banks over the course of the third quarter of 2023.
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Non-Agency Mortgages a Bright Spot for Annaly

November 3, 2023
James Dohnert
Despite reporting a loss in the third quarter, Annaly Capital Management saw gains in its non-agency correspondent business.
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Shellpoint Maintains Lead in Non-Agency MBS Servicing

November 3, 2023
James Dohnert
Shellpoint Mortgage Servicing handled servicing duties on $3.65 billion of non-agency MBS issued in the third quarter. (Includes data table.)
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Change Lending Keeps CDFI Status

November 3, 2023
James Dohnert
Change has ensured its CDFI status through 2025 following an agreement with the CDFI Fund.
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Former FHLBank Executive Launches Correspondent Lender

November 3, 2023
James Dohnert
Stephen Thomas, a former FHLB Chicago official with more than 30 years of experience in affordable housing and diversity and inclusion initiatives, has launched FutureWave Finance.
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Velocity Earnings Flat, Loan Production Increases

November 3, 2023
James Dohnert
Income remained level in the third quarter while the lender increased originations of business-purpose loans.
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News Briefs

November 3, 2023
James Dohnert
Unison offers its first HEA securitization; NP rebrands; Finance of America launches new reverse-mortgage product; Sherman Bridge debuts investment-property lender marketplace; Arc Home appoints new president and future CEO; UWM expands DSCR eligibility requirements.
Read More

Senate Hearing Touches on Predatory Refi Practices in VA Programs

November 3, 2023
Monica Hogan
Representatives of military groups called for more protection against predatory refinance practices targeting service members and veterans.
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HUD Wants to Modernize Housing Counseling Methods

November 3, 2023
Monica Hogan
The Department of Housing and Urban Development plans to make permanent a pandemic-era waiver that allowed housing counselling agencies to use alternative communication methods.
Read More
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