Sprout Settles With Ex-Employees for $3.5 Million June 7, 2023 Sam Manas The former non-QM lender settled four class actions brought by former employees.Read More
Loan Brokers Add Jobs, Mortgage Bankers Cut Some June 6, 2023 Paul Muolo At April 30, loan brokers employed 114,700 full timers.Read More
SEC Filing Details Pay Package for New loanDepot CFO June 5, 2023 Paul Muolo After 2023, his bonus could reach 200% of his base salary...Read More
Non-QM Lenders Looking to Hire May 24, 2023 James Dohnert While business is slow in most of the mortgage market, some non-QM lenders are anticipating a busy second half of 2023.Read More
loanDepot Institutes Return-to-Office Policy; More Layoffs? May 17, 2023 Paul Muolo loanDepot has shed 5,220 positions over the past year...Read More
Short Takes: Home Price Projections / Applications Decline / Better Stock for Garg / Non-QM MBS May 17, 2023 Brandon Ivey and Paul Muolo Home price declines in California in 2023 might not be as bad as initially expected.Read More
In Early Spring, Mortgage Shops Continued to Cut Heads May 8, 2023 Paul Muolo There have been scattered reports of improving applications and profit margins...Read More
CHLA Asks for Full Funding for FHA, Ginnie April 27, 2023 Monica Hogan The Community Home Lenders of America wrote to the leaders of House and Senate housing appropriations committees.Read More
Short Takes: CFPB on Old Second Liens / Plenty of Servicing Available / Garris Horn Adds Partner / Overvalued Homes April 27, 2023 Brandon Ivey The CFPB is aiming to prevent foreclosures tied to older second liens.Read More
Martell Takes in $16.4 Million for Restructuring loanDepot April 25, 2023 Paul Muolo In 2022, loanDepot lost $610.3 million compared to a profit of $623.1 million the year before.Read More
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