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Production Chief Who Left With Staffers Faces Lawsuit

June 13, 2024
Paul Muolo
With many lenders struggling with profitability, it might seem like a waste of time and money to sue departing production managers who leave with staffers in tow. But the lawsuits keep coming.
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More Turbulence for loanDepot, Founder Sells Shares

June 13, 2024
Paul Muolo
While loanDepot launched a new debt-exchange program with investors, its chairman was busy selling shares in the company. Bad optics or no big deal?
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Lenders Struggle to Stay Ahead of Cyberattacks

June 13, 2024
Brandon Ivey
Cybersecurity insurance is getting more difficult for mortgage companies to obtain and some lenders appear to be unable to meet reporting requirements set by the GSEs on security.
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Former Freddie CEO Plots Path to Reduce Closing Costs

June 13, 2024
Dennis Hollier
The combination of the NAR settlement, better coordination between White House and FHFA, and the resurgence of the CFPB may help establish real price competition in the housing and mortgage markets.
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Sen. Warren Urges FHFA to Enforce Housing Obligations Upon the FHLBs

June 10, 2024
Dennis Hollier
The senator says the FHLBs, which will receive $7.3 billion in federal subsidies this year, paid a whopping $3.4 billion in dividends to members...
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Prime Non-Agency MBS Picks Up in Early June

June 7, 2024
James Dohnert
Three prime non-agency MBS hit the market this week, largely with loans that were eligible for sale to the GSEs. Two expanded-credit deals also started marketing.
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News Briefs

June 7, 2024
James Dohnert
A&D announces new pricing tiers for DSCR loans; REMN Wholesale announces June pricing special; Acra has record-breaking May; Champions hires new VP of underwriting.
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MIP, Homeowners Insurance Pose Challenges to HECM Program

June 7, 2024
Monica Hogan
FHA is reviewing a proposal from the National Reverse Mortgage Lenders Association to cut the upfront mortgage insurance premium on home equity conversion mortgages.
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VA Calls for Targeted Foreclosure Moratorium

June 7, 2024
Monica Hogan
The Department of Veterans Affairs said the temporary pause will help fill the gap until servicers fully implement the Veterans Affairs Servicing Purchase home-retention program.
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Gordon Highlights FHA Loss Mitigation, MIP Cut

June 7, 2024
Monica Hogan
FHA Commissioner Julia Gordon spoke recently with Wendy Penny, associate vice president of affordable housing initiatives at the Mortgage Bankers Association.
Read More
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