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Short Takes: Home Prices Tick Up / Big Gains in Florida / Empathy Versus Cost Cutting / Private Equity Firm Buys NPLs From Freddie

September 26, 2023
Brandon Ivey
Home prices increased by 0.8% on a monthly basis in July.
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CFPB Settles Employee Discrimination Lawsuit

September 21, 2023
Sam Manas
The class members are 85 Black and Hispanic employees who between February 2011 and April 2022 worked in the CFPB’s Office of Consumer Response in non-supervisory positions.
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Sign of the Times? From Non-QM CEO to Loan Broker

September 18, 2023
Sam Manas
So far this year, Strauss has brokered more than 20 mortgages...
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Freddie CEO Michael DeVito to Retire

September 8, 2023
Dennis Hollier
Michael Devito's departure means Freddie will be conducting its third CEO search in four years.
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Mortgage Bankers Continue to Trim, Brokers Add Jobs

September 5, 2023
Paul Muolo
The Federal Reserve will announce its next decision on interest rates on Sept. 20.
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Short Takes: Freddie Mac Multifamily Promotes Lillestolen / Spring EQ Acquired by Cerberus Capital / NexTier Merges With Mars Bancorp / Mortgage Delinquencies at Historic Lows

September 1, 2023
James Dohnert
Freddie Mac Multifamily hires; SpringEQ acquired by Cerberus Capital Management; NexTier Merges with Mars Bancorp; CoreLogic reports record low mortgage delinquencies.
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Altisource Asset Management CEO Resigns

August 31, 2023
James Dohnert
AAM's CEO has resigned in the midst an assessment of the company's lending operations.
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Short Takes: Southern Bancorp Aims to Expand Retail Channel / Integro Bank Launches Mortgage Division / MBA’s Open Door Foundation Hits Milestone / CSS Hires New CTO

August 31, 2023
James Dohnert
Southern Bancorp adds new lending operations; Integro Bank launches mortgage division; MBA's Open Doors Foundation reaches new milestone; Common Securitization Solutions hires chief executive officer.
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A New Production Chief at Guaranteed Rate?

August 30, 2023
Paul Muolo
GR's Chief of Retail Production, John Palmiotto, recently departed for a position at The Money Store in New Jersey.
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Blend’s CEO Granted New Compensation Package

August 29, 2023
Paul Muolo
Like most mortgage-related firms, Blend has struggled with lower originations, which has translated into declining revenue.
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