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Academy Purchase Will Add 600 LOs, 200 Branches to Guild’s Empire

February 14, 2024
Paul Muolo
In late 2022, Academy agreed to pay $38.5 million in damages to resolve allegations it violated the False Claims Act.
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Appraisal Organization Working to Increase Diversity

February 14, 2024
Shannon Clark
According to data from the Bureau of Labor Statistics, 94.7% of appraisers are white and 0.6% are Black.
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Short Takes: Applications Down Somewhat / Foreclosures Increase / Fitch Affirms Servicer Ratings at PHH / New CEO at Sagent

February 14, 2024
Brandon Ivey
Demand for both purchase mortgages and refinances declined as interest rates ticked up.
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Time to Staff Up? According to Some, Yes…

February 12, 2024
James Dohnert
With the spring homebuying season just around the corner, lenders may want to staff up...
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Short Takes: Consumer Advocates Defend CRA Revisions / Banks Done Tightening / Pressure on Navy Federal / HPC Mourns Mike Gill / Former First Republic Co-CEO Moves On Again

February 6, 2024
Brandon Ivey
The National Community Reinvestment Coalition accused banks of hypocrisy for filing a lawsuit against new standards under the Community Reinvestment Act.
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Short Takes: Impairments on Non-QMs Up Again / New CRT From Freddie / Redwood Back Quickly With Jumbo MBS / Promotions at Northpointe Bank

February 2, 2024
Brandon Ivey
The impairment rate on securitized non-QMs increased by more than 100 basis points between August and December.
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REIT Will Enter the Origination Market. However…

January 30, 2024
Paul Muolo
The production chief Two Harbors hired was not identified by name...
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Short Takes: For SoFi, Finally… / Stock Spikes / Better.com? / Remembering Impac / How About a Job at FHA?

January 29, 2024
Paul Muolo
SoFi posted a quarterly profit for 4Q23, but the nonbank lost $300.7 million for the full year ...
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Short Takes: FICO’s Mortgage Revenue Spikes / Bank Exits Retail / New Leader for AIME / Jumbo MBS From Goldman

January 26, 2024
Brandon Ivey
Mortgage origination revenue at FICO more than doubled in the fourth quarter of 2023 compared with the fourth quarter of 2022.
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Ginnie’s Tech SVP Pauses Retirement to Help Ensure Orderly Transition

January 25, 2024
Monica Hogan
Barbara Cooper-Jones will put her retirement plans on hold for a few months to help ensure a smooth transition for her eventual replacement.
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