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The Appraisal Foundation Reaches Settlement With HUD

July 11, 2024
Brandon Ivey
The Appraisal Foundation’s Appraiser Qualification Board sets appraiser qualification criteria and there were concerns that the criteria prompted a disparate racial impact on entry into the appraiser profession.
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Short Takes: Refi Applications Fade / Lenders Concerned About Talent Management / Tandem DPA Offering / Lending in Guam

July 10, 2024
Brandon Ivey
Applications for refinances declined for the fourth consecutive week.
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Cherry Hill Moves Toward Internal Management

July 9, 2024
Brandon Ivey
The move would mean breaking from the external management by Cherry Hill Mortgage Management, which is owned by Stanley Middleman, CEO of Freedom Mortgage.
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Brokers Add Jobs, Mortgage Bankers Keep Trimming

July 8, 2024
Paul Muolo
The BLS reading on mortgage employment trails the national numbers by a month.
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JPM Stays Mum on Fate of Flagstar's Warehouse Staff

July 1, 2024
Paul Muolo
As one consultant put it, “We hope they all survive. They’ve been a great team.”
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Short Takes: New-Home Sales Decline in May / Drayne to Join HPC / Big Banks Pass Stress Test / Non-QM Impairments Decline

June 27, 2024
Brandon Ivey
New-home sales declined by 11.3% in May.
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Short Takes: Angel AI Announces Credit Repair Tool / HGI Credit Platform Reaches Milestone / Xactus Hires CFO / Mortgage Apps Up

June 26, 2024
James Dohnert
The AI chatbot tool is available now in various languages…
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Short Takes: Annaly to Issue Non-QM MBS / Stream Innovations Preps Home Improvement Loans ABS / MISMO Gets New Board Members / New CFO at Change Lending

June 25, 2024
James Dohnert

Only one originator contributed enough loans to the Annaly MBS to be named...


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Production Chief Departs With Employees. Then Gets Sued...

June 17, 2024
Paul Muolo
Many of these types of cases are settled out of court, one attorney noted...
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Short Takes: CFPB Warns on Contract Terms / New Expanded-Credit MBS / Rocket’s Servicer Ratings Affirmed / Lender Growing / More Power for Otting at NYCB

June 5, 2024
Brandon Ivey
The CFPB reiterated that Regulation Z prohibits mortgages for principal dwellings from including “terms requiring arbitration or any other nonjudicial procedure as the method for resolving any controversy or settling claims arising out of the transaction.”
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