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Cerberus to Acquire Home Equity Lender Spring EQ

September 7, 2023
James Dohnert
Spring EQ founder and CEO Jerry Schiano will continue to lead the firm alongside the company’s current management team.
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Surmising the Impact of Upcoming Credit Score Changes

September 7, 2023
Dennis Hollier
A new study shows that the shift from the tri-merge to a bi-merge credit report will have a minimal effect on the average borrower’s credit score, at least using Classic FICO.
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Borrowers Increasingly Reluctant to Tap Home Equity

September 7, 2023
Sam Manas
Rising interest rates are largely responsible for the increase in available untapped equity, according to Black Knight.
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Grapevine: Black Knight Now Part of ICE; Lenders Come and Go

September 7, 2023
Brandon Ivey
ICE-Black Knight consummate merger; AmeriFirst files for bankruptcy; Integro Bank forays into mortgages; rate hikes could be finished.
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MBA CEO Rails Against Proposed Bank Capital Requirements

August 24, 2023
James Dohnert
Mortgage Bankers Association President Bob Broeksmit decried the proposed higher capital requirements for large banks at an MBA conference.
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Attorney Says CFPB Overreached in RESPA Case

August 24, 2023
Sam Manas
According to a compliance attorney, the CFPB was problematizing legal behavior in its recent consent order against Freedom Mortgage.
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Troubles at Insurance Providers an Issue for Mortgage Market

August 24, 2023
Brandon Ivey
Increased risks from natural disasters have led to a rapid rise in premiums on home insurance, rejections of policy requests and some major insurance providers exiting certain markets.
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Industry Welcomes AVM QC Standards With Caveats

August 24, 2023
Sam Manas
Both mortgage industry participants and consumer advocates want the scope of coverage and liability under the rule to be narrowed.
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LO Bidding Wars Are Over But…

August 24, 2023
Paul Muolo
The days of paying insane signing bonuses for top LO talent appear to be over. But there are exceptions. One talent recruiter asks: Will mortgage bankers ever learn?
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New Mortgage Chief at Guaranteed Rate

August 24, 2023
Paul Muolo
Peter Boomer, a former PNC Bank executive, joins Guaranteed Rate as executive vice president.
Read More
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