Quicken Loans, the nation’s largest direct lender, told IMT the firm currently has 1,300 job openings “with positions available in many areas, including mortgage banking and technology.”

CSS has retained Spenser Stuart – a talent vendor frequently used by Fannie – to conduct an executive search.

FHA originators use LRS for post-endorsement loan reviews, unconditional direct-endorsement test cases, lender monitoring reviews, and self-reporting of fraud…

The Lenders One co-op is controlled by industry vendor Altisource Portfolio Solutions, which is pondering a sale. Altisource is publicly traded and started out in life as part of Ocwen…

“Expansive datasets about people’s social connections, the kinds of websites they visit, where they shop and how they talk do not have the same simple intuitive connection to each individual’s ability to repay a loan,” said Aaron Rieke, managing director at Upturn...

In a new report to its shareholders, Fairholme Capital Management notes the fund it manages owns a 4% position in the preferred shares of Freddie, “which currently trade at less than half of stated liquidation values, implying potential current yields of over 14% per annum.”

You can bet that President Trump will tweet something out about the FOMC decision shortly after it happens…

To ensure lenders are not adversely impacted by the outage, FHA will make adjustments to response due dates.

Altisource is headed by William Shepro, who was paid $6.1 million last year. Over the past three years, the CEO took home $15.2 million in total compensation, which includes salary, bonuses, stock and options.

Across the board, lenders are reporting stellar origination growth from the first to second quarters of the year, but the last two application surveys from the Mortgage Bankers Association showed weekly declines of 1.9% and 1.1%, respectively…