Mortgage Firms Put on Alert for Russian-Related Cyber Attacks March 14, 2022 Monica Hogan The Federal Reserve is in constant communications with financial institutions regarding cyberattacks...Read More
A Major Layoff in the Works at Better.com March 8, 2022 Among all originators, Better.com ranked 17th in 2021, according to Inside Mortgage Finance...Read More
Short Takes: Better.com’s New Hire / Check the Tape / Insider Buying is Good, Right? / CDFI Issues Second Non-QM Deal / A (Presidents) Day Off February 18, 2022 Paul Muolo and Brandon Ivey Piper Sandler on loanDepot: "In our view, the stock is pricing-in a very long downturn in the mortgage market"... Read More
Better.com's C-Suite Post Merger? February 17, 2022 At one point, Selitto was Better's president, a title now held on an interim basis by CFO Kevin Ryan.Read More
Freddie Offering Automated Assessment of Income from Direct Deposits February 15, 2022 Brandon Ivey Representation and warranty relief will be provided to lenders that use the service.Read More
A Challenging Nine Months for Better.com February 11, 2022 Paul Muolo Nine-month revenues for 2021 totaled $903.1 million.Read More
Venture Capital Still Bullish on Mortgage Tech Vendors February 7, 2022 Sam Manas Vesta was established in the context of two big trends: Lenders increasingly are seeing technology as a differentiator, and automation...Read More
Better.com Chief Garg Ready to Return January 19, 2022 Paul Muolo Better.com hired a former federal prosecutor from the Southern District of New York to conduct the "culture" review...Read More
It's Official: CoreLogic’s Martell Departs as President and CEO January 12, 2022 Paul Muolo A few months back, CoreLogic was sold to Stone Point Capital and Insight Partners for roughly $6 billion.Read More
CFPB’s Chopra Stresses the Battle Against AI and Lending Discrimination January 5, 2022 Sam Manas The CFPB believes technology, to some degree, can help remove bias, but black box underwriting algorithms are not necessarily creating a more level playing field...Read More