NYDFS Uncovers Racial Lending Disparities but No Fair Lending Law Violations December 9, 2022 Sam Manas The New York regulator has ongoing investigations into other lenders in Buffalo, Rochester, Syracuse and Long Island.Read More
November MBS Gloom: Ginnie Outdoes the GSEs Yet Again December 9, 2022 John Bancroft Purchase-money mortgages accounted for 79.3% of November issuance...Read More
When It Comes to Mortgage M&A, ‘Asset Sales’ Dominate December 9, 2022 Paul Muolo “There’s been a lot of conversations going on,” said Chuck Klein, managing partner of Mortgage Banking Solutions...Read More
With Prepayment Maneuver, 83% of Invitation’s SFRs Are Unencumbered December 9, 2022 Paul Muolo Invitation Homes owns roughly 80,000 SFRs throughout the U.S.Read More
CFPB Goes Local, Starts Sharing Complaint Data with the States December 9, 2022 Sam Manas The initiative provides local governments with expanded access to the CFPB’s complaint database...Read More
Atlanta Nonbank Denies Margin Call Allegation December 8, 2022 Paul Muolo The lawsuit was filed in U.S. District Court for the Southern District of Florida, but then dismissed without prejudice.Read More
Penalties Paid to the CFPB Almost Triple December 8, 2022 Sam Manas The bureau spent $378.0 million on salary and benefits in 2022...Read More
Lawsuits Against Non-QM Lender Keep Sprouting Up December 8, 2022 Sam Manas Merchants Bank, among others, is seeking a summary judgment against Sprout...Read More
Short Takes: A Big Layoff at Vendor Doma / Estimated Cost Savings / Landing Elsewhere / A Dividend Trim / Help From a Parent December 8, 2022 Paul Muolo, Monica Hogan, and Sam Manas
The Struggling FoA Agrees to Buy the Nation’s Largest Reverse Lender December 7, 2022 Paul Muolo The seller is Reza Jahangiri, who founded the company in 2004.Read More
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