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Caution is the Watch Word for Regulatory Risk. A Cut in FHA Premiums?

January 3, 2022
Presently there are two mortgage-related SPACs that are in progress: Better.com (a lender) and Southport Acquisition Corp., the latter of which is looking for plays in the software arena.
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FTC Orders Mortgage Analytics Firm to Improve Data Security

December 23, 2021
Brandon Ivey
Ascension Data & Analytics neither admitted to nor denied the allegations, which were first detailed by the FTC a year ago.
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Rocket Set to Spend $1B-Plus for App Acquisition, Stock Suffers

December 20, 2021
Paul Muolo
Truebill also renegotiates bills on its clients’ behalf, saving them as much as 20% on services...
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Up in the Amazon Cloud: Fannie Mae

December 13, 2021
Dennis Hollier
For several years now, the GSE has been migrating its data storage and analysis functions to Amazon’s cloud, but the full extent of that relationship is not really known...
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Resignations at Better.com as Founder Tries to Smooth Things Over

December 8, 2021
Paul Muolo
Regarding the apology, one human resources executive said Garg’s new email is “too little, too late. I think Garg now realizes he made a tragic mistake.”
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More Trouble for Public-Bound Better.com: A Large Layoff

December 2, 2021
Paul Muolo
Better has an “implied equity value” of $6.9 billion. By comparison, PennyMac, the nation’s second largest originator, has a market capitalization rate of $4.01 billion.
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GSE Appraisal Waivers Face Scrutiny as Zillow Offers Flops

November 22, 2021
Dennis Hollier
The American Enterprise Institute, a conservative think tank, has long been critical of the reliance on appraisal waivers...
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3Q Red Ink Expected for Public-Bound Better.com. A Reorg As Well…

November 15, 2021
Paul Muolo
The firm estimates its gain-on-sale margin improved to as high as 197 basis points in 3Q compared to 162 bps in the second quarter.
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First American Buys Bob Caruso’s Subservicing Shop

October 25, 2021
Paul Muolo
A title insurance giant makes a splash with its latest vendor acquisition...
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Trustmark Settles Mortgage Redlining Charges as CFPB Warns About Pitfalls of Tech

October 22, 2021
Paul Muolo
One message: High tech won't protect you from the government's wrath.
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