M&A Talk Heats Up, CrossCountry a Buyer? April 21, 2022 Paul Muolo Dealmakers like Jeff Levine, Chuck Klein and David Schneider should have a busy year...Read More
Court Dismisses Selected Claims in Angel Oak LO Lawsuit April 20, 2022 Brandon Ivey Overall, Angel Oak made nine claims against the LOs and LendSure...Read More
Yet More Layoffs at Better.com, Nation’s 17th Largest Lender April 19, 2022 Paul Muolo The New York-based Better.com had hoped to become a public company at yearend 2021 via a SPAC maneuver...Read More
CHLA Pushes for Less Stringent GSE Eligibility Requirements April 19, 2022 Dennis Hollier Trade group says FHFA's reproposed rule would serve as a barrier to entry for smaller seller/servicers.Read More
loanDepot #1 Among Contributors of Loans to Prime Non-Agency MBS April 18, 2022 Brandon Ivey On the other hand, United Wholesale Mortgage, the top contributor to prime non-agency MBS in 2021, avoided the market entirely...Read More
Lower Originations, Consumer Earnings at Bank of America April 18, 2022 Paul Muolo In the home equity department, BofA funded $2.04 billion compared to $1.70 billion in the fourth quarter.Read More
Home Lenders Face Licensing Uncertainty as Pandemic Flexibilities Expire April 18, 2022 Brandon Ivey One MBA official said currently only 15 states allow for remote work permanently...Read More
Shut for Repairs: FHA's Loan Review System April 18, 2022 Monica Hogan FHA estimates access to the LRS will be restored by April 25...Read More
Nonbank A-Paper Giants Ready to Test the Non-QM Market? April 15, 2022 Paul Muolo It was thought that once UWM made the move, several of its nonbank competitors would jump on the bandwagon...Read More
Lenders Far and Wide Slam 'Junk Fees' Rule April 15, 2022 Sam Manas MBA believes the proposal would "only serve to add complexity and cost to lender operations and confuse consumers"...Read More
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