Of course, the whole point is moot though, isn’t it? Fannie and Freddie continue to be wards of the federal government. If they fail to meet a capital test, what’s the worst Uncle Sam can do? Put them in conservatorship? They’re already there...
Another round of funding for Blend means one of these days the industry vendor will have to go public because all those venture capital funders are going to want a return on their investment. And Blend had better not disappoint...
In May of this year Blankenstein resigned from the CFPB, where he served as associate policy director overseeing supervision, enforcement and fair lending. His past writings came to light in the fall of 2018.
A few years back, loanDepot was contemplating going public and even issued an S-1 with the SEC. The deal fell apart because the lender was displeased with the valuation calculated by its underwriters. But thanks to the Trump trade wars, a slowing world economy and more, rates are falling and originations are looking up. Perhaps, the mortgage IPO window is starting to open again?
Better.com’s other major backer is Citigroup. Better recently hired industry veteran William Buell to head the nonbank’s B2B platform. Buell has a deep resume, including stints at Bank of America, JPMorgan Chase and FirstKey…
loanDepot offers paid apprenticeships for entry-level employees and an Uber-like model that allows employees to work "anytime, anywhere, on their own schedule."
Fannie Mae this week promoted Strategy Advisor Andy Peters to vice president and head of single-family strategy. He joined the government-sponsored enterprise last fall...
As part of Ditech’s dissolution, the company also disclosed that its reverse lending division – Reverse Mortgage Solutions – will be sold via a stock and asset deal to Mortgage Assets Management LLC for an undisclosed sum.
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