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Carrington’s ‘Employee Raiding’ Lawsuit Leads Elsewhere

January 6, 2022
Paul Muolo
Two nonbanks are trading accusations tied to the pilfering of staff, at least that’s how it started. Eventually, the case could be settled out of court but not before some damaging allegations get aired in public.
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Industry Nears Third Year of Disruption as Omicron Surges

January 6, 2022
Monica Hogan
The mortgage finance and housing industries are monitoring the surge of the omicron variant of the coronavirus.
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FHFA is Warming up to Climate Change Agenda

January 6, 2022
Dennis Hollier
Acting Director Sandra Thompson has directed Freddie Mac and Fannie Mae to factor climate change into their business decision-making.
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Democrat Control of FDIC Could Lead to Tighter Merger Rules

January 6, 2022
Sam Manas
FDIC Chair Jelena McWilliams’ resignation clears the path for Democratic control of FDIC rulemaking, which could translate into tougher bank merger rules.
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Grapevine: The First M&A Shot is Fired / Rocket’s New Man at the Top

January 6, 2022
Paul Muolo and Monica Hogan
It could be a brisk year for mortgage company sales. But how fierce might the roll-up be? Changes in Rocket’s C-suite.
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Time to Shine for Purchase-Money Lenders?

December 23, 2021
Paul Muolo
What will separate the men from the boys and the women from the girls in 2022? Purchase-lending and non-QMs. At least that’s what some executives we spoke to believe.
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FHFA Proposes Annual Capital Planning for GSEs

December 23, 2021
Dennis Hollier
The proposed capital planning rule could set the stage for post-conservatorship regulation of the GSEs, but it still relies on capital requirements that the enterprises may not meet for at least a decade.
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Credit Unions Receive Approval to Acquire MSRs from Other CUs

December 23, 2021
Brandon Ivey
Beginning in April, credit unions will be able to buy and sell MSRs among themselves. The sector currently holds servicing tied to more than $460 billion of unpaid principal balance.
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Rocket Puts Down Its Marker in the Personal Finance Space

December 23, 2021
Monica Hogan and Sam Manas
In a deal expected to close by year end, Rocket Companies will pay $1.28 billion in cash to acquire personal finance app Truebill, a six-year-old tech start-up with 2.5 million users.
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Can Sig Anderman Complete a Mortgage Tech SPAC?

December 23, 2021
Paul Muolo
One might think the mortgage SPAC thing has run its course. Maybe for lenders, but what about mortgage and real estate-related software? For star power, there’s Dave Winfield.
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