Did the CFPB Overreach in Freedom RESPA Case? August 29, 2023 Sam Manas One veteran mortgage attorney said the CO listed several actions but without any connection to the RESPA anti-kickback law...Read More
Cost-Cutting in the Non-QM Sector: Nothing is Off the Table August 29, 2023 James Dohnert When it comes to cutting origination costs, nothing is sacred, noted one CEO...Read More
Guild’s Hunger for M&A Continues August 29, 2023 Paul Muolo Earlier this year, the San Diego-based Guild bought two franchises: Cherry Creek and Legacy Mortgage...Read More
New Disclosures From Better.com: A 2Q23 Loss and Breaches in Fannie Contract August 28, 2023 Paul Muolo To stay out of trouble, in late July the lender had to enter into a “pledge and security” agreement with Fannie...Read More
Change Lending Reportedly Loses CDFI Designation August 28, 2023 James Dohnert While Change Lending is no longer on the list, its parent company, The Change Company CDFI, remains...Read More
The LO Bidding Wars Have Ended. Sort Of... August 28, 2023 Paul Muolo One recruiter remarked, "Does anyone in this industry ever rein themselves in?”Read More
Wholesale Channel Share Hits Post-2009 High August 25, 2023 John Bancroft The wholesale-broker share of originations hit 16.8% in the second quarter.Read More
Federal Agencies Plan Roundtable on Special Purpose Credit Programs August 25, 2023 Brandon Ivey Speakers at the roundtable will include the heads of four federal agencies along with industry participants.Read More
Trade Groups Seek Less Stringent Opt-Out Requirements From FCC August 25, 2023 Sam Manas The FCC proposal would allow consumers who have provided prior express consent to receive autodialed or prerecorded voice calls to revoke consent through any reasonable means.Read More
Short Takes: Interest Rates Expected to Go Higher / Home Sales Limited / Zillow Starts Small With 1% Down Program August 25, 2023 Brandon Ivey Interest rates on mortgages are at their highest level since 2001...Read More