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Grapevine: Yet More MSR Sales / Better.com in Hot Water Again

June 9, 2022
Paul Muolo
After a respite of sorts, the insatiable appetite for mortgage servicing rights revives. Meanwhile, Better.com and its founder find themselves on the wrong end of a civil damages claim.
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Better.com, Garg in Hot Water Once Again

June 8, 2022
Paul Muolo
A five-plus year veteran of Better.com, Pierce was fired by Better in February of this year.
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Fannie/Freddie Sellers Feel the Pinch in May...

June 8, 2022
Dennis Hollier
June could see an improvement in issuance but it likely won't be huge...
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Saving the Day in 1Q22: MSR Markups

June 8, 2022
Brandon Ivey
Overall, the 21 shops reported a loss of $1.27 billion from mortgage production activities in 1Q22...
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Homebridge Financial Talking to Others, Has Its Mind on Expansion

June 7, 2022
The New Jersey-based Homebridge ranked 38th among all home lenders in 1Q22...
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A Senior Departure at Freddie, This One Involving a ‘Non-Disparagement’ Agreement

June 7, 2022
Dennis Hollier
News of her departure came to light in recent filings with the SEC...
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Lenders Raise Concerns Over AVM Calculations, Cost

June 7, 2022
Sam Manas
Several of the small-entity representatives said they prefer licensed appraisers because of their understanding of the local market.
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Equifax Reports Credit Score SNAFU

June 7, 2022
Dennis Hollier
Freddie: “Sellers should consult their counsel in reference to updating credit reports.”
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Regulators Outline Goals for CRA Revision

June 6, 2022
Sam Manas
Federal regulators recently elaborated on their goals behind last month’s interagency Community Reinvestment Act proposal, which some fair lending advocates believe is not going to advance racial equity.
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Small Lenders Raise Concerns Over AVM Calculations, Cost

June 6, 2022
Sam Manas
Mortgage lenders and brokers who participated in a small business review panel convened by the CFPB support making AVMs more accurate but are concerned about downstream financial and business impacts.
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