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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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At MBA Show, FHFA Chief Unveils Efforts to Increase the Low-Income Refi Pie

October 19, 2021
Dennis Hollier
Thompson also made it the FHFA will not be changing seller-servicer standards for nonbanks this year.
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MBA Expects At Least 3,200 at Annual Confab in San Diego. Masks?

October 14, 2021
Monica Hogan
Some lenders are sending big contingents to the trade show., while others are staying home...
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A Loss for the Public-Bound Better.com and a Warning on GOS

October 5, 2021
Paul Muolo
Founder and CEO Vishal Garg earned $25.3 million in 2020...
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GAO Deems FHA Catalyst Oversight Unreliable

September 30, 2021
Monica Hogan
The government watchdog said gaps exist in HUD’s established processes to oversee the IT initiative.
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