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A Tough Year for Nonbanks While Some CEOs Flourish

June 20, 2024
Paul Muolo
Is your mortgage CEO worth $30 million a year? $20 million? That may depend on the company’s share price. It might be argued that some executives of publicly traded nonbanks earn their keep while others might be in for a case of comeuppance. (Includes data table.)
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Non-QM Products Gain Popularity Among Lenders

June 20, 2024
James Dohnert
Non-QM lenders are bullish about the sector’s potential despite headwinds in the housing market.
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Disaggregating Ethnic Data Could Improve GSEs’ EHFPs

June 20, 2024
Dennis Hollier
Homeownership rates and household incomes differ dramatically within the AANHPI demographic. Some 65% of Filipino-Americans own their home while just 44% of Tongan-Americans do.
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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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Majority of Homebuyers Don’t Shop Around for a Mortgage

June 13, 2024
James Dohnert
A LendingTree study found that many people seek only one mortgage offer before purchasing a house.
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Equifax Faces Antitrust Suit on Verification Services

June 6, 2024
Dennis Hollier
Critics say the data giant’s exclusive contracts with data providers and strategic acquisition of potential competitors make it impossible for new market entrants to gain scale or price competitively.
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Broker Channel Gains Market Share in First Quarter

June 6, 2024
Brandon Ivey
The broker channel remains the smallest of the three primary origination channels, though it showed the most growth in the first quarter. An estimated 19.1% of first-lien originations came through brokers.
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Amid ‘Quiet Winddowns,’ Hometown Files for Bankruptcy

June 6, 2024
Paul Muolo
Hometown Lenders has filed for bankruptcy citing issues stemming from interest rate trends. Plenty of conventional lenders have folded their tents the past two years, but there hasn’t really been a groundswell in bankruptcy filings.
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