UWM Settles Overtime Pay Lawsuit to Focus on Business June 9, 2022 Monica Hogan The reason, United Wholesale Mortgage told employees, was to avoid legal bills and long-drawn court proceedings.Read More
Freddie Pushes Lending for Manufactured Homes June 9, 2022 Dennis Hollier Freddie researchers find extensive overlap between manufactured home-friendly localities and mortgage-ready residents.Read More
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.Read More
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.Read More
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...Read More
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...Read More
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...Read More
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...Read More
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.Read More
Equifax Reports Credit Score SNAFU June 7, 2022 Dennis Hollier Freddie: “Sellers should consult their counsel in reference to updating credit reports.”Read More