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Short Takes: Bjelac Returns to Carrington Mortgage / Bilt to Venture Into Mortgage Payment Rewards / Colonial Savings to Launch Servicing Ecosystem / TD Bank Announces Community Impact Plan

January 25, 2024
James Dohnert
Carrington Mortgage non-QM expert returns; Bilt Rewards to offer mortgage payment rewards following funding round; Colonial Savings to launch new mortgage servicing ecosystem; TD Bank announces community impact plan to target LMI and minority borrowers.
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loanDepot Unsure of ‘Material’ Impact Tied to Recent Computer Hack

January 22, 2024
Paul Muolo
The cyberattack on loanDepot occurred in early January but the company is unsure of material losses...
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Usage of AI in the Mortgage Market Expected to Increase

January 16, 2024
James Dohnert
"[ChatGPT] could provide quick, accurate responses to clients so that loan officers, real estate agents and recruiters can spend more time building relationships and closing more deals," said Marvin Bantugan, chief technology officer of Zventus and co-chair of the Hyperledger mortgage subgroup.
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Short Takes: Mixed Trends in Foreclosures / Good Quarter for Homebuilder’s Lender / Insight on Combined LTV Ratios / Radian Invests in FinLocker

January 11, 2024
Brandon Ivey
Foreclosure activity looks to be returning to more traditional patterns following pandemic volatility.
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Short Takes: First American Restores Services / Credit Availability at Low Levels / Invitation Homes Settles Rent Hike Allegations / Compliance Trainer Acquired

January 9, 2024
Brandon Ivey
First American got its email system up and running again more than two weeks after a cyberattack.
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loanDepot Pulls Systems Offline Amid Cyber Incident

January 8, 2024
Brandon Ivey
loanDepot's servicing customers faced difficulties making mortgage payments over the weekend...
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First American Recovering From Cyber Incident

January 2, 2024
Brandon Ivey
First American stressed that all funds associated with the company were secure.
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First American Stalls Amid Cybersecurity Incident

December 22, 2023
Brandon Ivey
“These attacks are prevalent, continue to increase in frequency and sophistication, and are increasingly difficult to detect,” First American cautioned in a recent filing with the Securities and Exchange Commission.
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Mr. Cooper Says Cyber Attack More Costly Than Originally Thought

December 18, 2023
Paul Muolo
Among residential loan processors, Mr. Cooper ranks sixth in terms of MSR ownership with $528 billion...
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Ginnie Faces Hurdles as SVP Cooper-Jones Retires

December 15, 2023
Monica Hogan
Finding someone to fill the position of senior vice president for the Office of Enterprise Data and Technology Solutions at Ginnie could be difficult given pay restrictions at the government agency.
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