How Bad Might the Mortgage Layoff Picture Get? July 18, 2022 Paul Muolo In less than a year, Better has reduced its headcount by 72%... Read More
First-Lien Lending Slips at BofA, Second-Lien Production Jumps July 18, 2022 Paul Muolo BofA said its new mortgage customers had an average loan-to-value ratio of 70% in 2Q22...Read More
2Q22 Results: Originations Fall at Wells Fargo, MSRs Get Marked Up July 15, 2022 The stagecoach added that year-over-year results were partially offset by higher mortgage servicing income.Read More
Amid the Industry Turmoil, an M&A Deal Gets Done July 15, 2022 Paul Muolo In 2021, Sunstreet originated roughly $800 million in residential mortgages...Read More
State Regulators Set Work-From-Home Best Practices July 15, 2022 Brandon Ivey Individual states have the ability to allow or deny lenders the option of having LOs work from home...Read More
Better.com the Subject of an SEC Inquiry, Fintech Posted Large Loss in 1Q22 July 14, 2022 Paul Muolo and Brandon Ivey The fintech was sanctioned by Washington state for licensing and other violations...Read More
Lower 2Q22 Originations for JPM, a Nice Gain for Jumbo Specialist FRB July 14, 2022 Paul Muolo JPM is the first publicly traded bank or mortgage company to report 2Q22 results.Read More
Gordon: FHA Faces Challenges with Potential MIP Cut July 14, 2022 Brandon Ivey Cutting premiums isn't as easy as one might think...Read More
As the Cost-Reduction Hatchet Swings, Another Mortgage CEO Vows No Layoffs July 13, 2022 Paul Muolo CEO Cal Haupt says his employees are family, "Not the media version stated by others."Read More
California Nonbank Settles FHA Fraud Charges July 13, 2022 Monica Hogan The whistleblower will receive $228,172 of the settlement proceeds...Read More
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