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CMG Ready to Join the $100 Billion Servicer Club

March 9, 2023
Paul Muolo
Homebridge Financial has agreed to sell most of its MSRs and its entire retail network to California-based CMG. Homebridge insists it’s not going away and is working on other transactions.
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Park National Bank Settles DOJ Redlining Case for $9M

March 9, 2023
Sam Manas
The Newark, OH-based bank was accused of redlining mortgage borrowers in majority-Black and Hispanic neighborhoods of the Columbus metropolitan area.
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Crypto-Focused Silvergate Bank Calls It Quits

March 9, 2023
Dennis Hollier
Less than a week after raising the “going concern” flag, the California lender announced plans to wind down its operations and liquidate.
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Title Insurers Increasingly Worried About Unregulated Alternatives

March 9, 2023
Dennis Hollier
The GSEs’ endorsement of attorney opinion letters in lieu of title insurance has the title industry concerned.
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Grapevine: Wanted: A Large Retail Franchise / A 40-Year Loan Mod

March 9, 2023
Monica Hogan, Paul Muolo, and Sam Manas
Rocket has a huge imbalance between refinances and purchases. Will “distributed” retail help? Meanwhile, FHA rolls out its 40-year modification product.
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Jumbo Lending Slammed in 4Q, Agency and Non-Agency Alike...

March 9, 2023
John Bancroft
Led by Wells Fargo, banks held the top seven spots in the non-agency jumbo lending sector...
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FHA Finalizes Stand-Alone 40-Year Loan-Mod Option

March 8, 2023
Monica Hogan
The FHA rule is effective May 8...
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Black Knight, In Bid for Merger Approval, Agrees to Divest Certain Businesses

March 7, 2023
Sam Manas
CHLA said it sees no movement on some of the key consumer issues of the deal...
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Supreme Court Agrees to Hear CFPB Funding Case

March 6, 2023
Sam Manas
A ruling against the CFPB could reshape the bureau’s funding structure and call into question every action taken by the consumer watchdog since its inception in 2011.
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CFPB Permanently Bans Repeat Offender Majestic Home

March 6, 2023
Sam Manas
RMK Financial/Majestic Home Loans continued to use advertisements that led consumers to believe it was affiliated with the FHA or VA in violation of a 2015 consent order.
Read More
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