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Is loanDepot a Takeover Target? Stock Down to $1.30

October 7, 2022
Paul Muolo
Rumor has it that Frank Martell was brought on as CEO of loanDepot to cut it down to size and sell it. Can he? Will he? Stay tuned.
Read More

Court Finds D&O Insurance Covers FCA Settlement

October 7, 2022
Sam Manas
In an insurance claim dispute resulting from Guaranteed Rate’s settlement with the DOJ involving the False Claims Act, a court said Ace American Insurance Company has to pay the lender for the cost of the settlement.
Read More

Bipartisan Effort Sought on Affordable Housing

October 7, 2022
Monica Hogan
The new Congress that will be sworn in next January should concentrate on housing affordability, says Ron Terwilliger, chair of the J. Ronald Terwilliger Center for Housing Policy.
Read More

Borrower’s Digital Footprint Helps With Underwriting

October 7, 2022
Dennis Hollier
New Zealand researchers find that analysis of a borrower’s digital footprint improves loan performance and reduces discrimination.
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Sales to Fannie and Freddie Continue Freefall in Third Quarter

October 7, 2022
Dennis Hollier
Amid declining volumes, the largest and smallest lenders who sell to the GSEs lost market share while large and mid-sized lenders got a bigger piece of the pie. (Includes two data charts.)
Read More

Fannie Names New CEO

October 7, 2022
Dennis Hollier
Currently head of Enterprise Community Partners, Priscilla Almodovar will become the first Latina to head either of the government-sponsored enterprises.
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OIG Prods FHFA on GSE Executive Compensation

October 7, 2022
Dennis Hollier
FHFA may have dealt with last year’s controversy over executive compensation at Fannie Mae, but it still has a long way to go to fix its in-house issues with executive compensation reviews.
Read More

Fannie Updates Document-Retention Requirements

October 7, 2022
Dennis Hollier
The changes to the selling guide will impact asset verification, Social Security income verification and the choice of credit scores when there are multiple borrowers.
Read More

Freddie Throws Condo Lenders a Bone

October 7, 2022
Dennis Hollier
A new service in Condo Project Advisor lets sellers quickly determine if a condominium project meets the tough post-Surfside purchase eligibility requirements.
Read More

GSE Net Worth Sweep Litigation Picks Up Speed

October 7, 2022
Dennis Hollier
Collins, Fairholme and Rop — all cases where shareholders seek to reverse the net worth sweep of GSE profits — may soon end up in front of juries.
Read More
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