The veteran mortgage advisor believes lenders should be instituting more layoffs.

Is the worst of the mortgage rate increases over? Hard to say. Meanwhile, publicly traded nonbanks may be forced to curtail their dividend payments to common shareholders.

One notable: The firm assigned an asset value of 131 bps to its mortgage servicing portfolio for the first quarter compared to 112 bps in 4Q21.

LoanDepot noted Martell “will drive daily operations and lead the company’s diversified multi-channel mortgage origination model"...

The brainchild of industry veteran Michael Strauss, Sprout is a top-10 ranked originator of non-QMs.

FoA lost $1.34 billion in the fourth quarter after booking a large goodwill impairment...

In 2021, Ocwen earned $18.1 million on revenue of $1.05 billion...

Overall, Angel Oak made nine claims against the LOs and LendSure...

The New York-based Better.com had hoped to become a public company at yearend 2021 via a SPAC maneuver...

Blend: "The focus of the plan is on streamlining the company’s title operations as well as its general and administrative functions."