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Can Sig Anderman Complete a Mortgage Tech SPAC?

December 23, 2021
Paul Muolo
One might think the mortgage SPAC thing has run its course. Maybe for lenders, but what about mortgage and real estate-related software? For star power, there’s Dave Winfield.
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Cenlar’s Clients Weigh Their Options in Wake of OCC Action

November 11, 2021
Paul Muolo
After settling OCC charges on how it manages subservicing risk, Cenlar faces the possibility some of its clients might bolt for the competition. But will they?
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Subservicer Cenlar Sanctioned, Needs Approval to Add Clients

October 28, 2021
Paul Muolo
Subservicing behemoth Cenlar has caught the attention of the OCC, which slapped the loan processor with a consent order because of its risk management shortcomings. On the menu: corrective actions.
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Grapevine: Getting Leaner: Mr. Cooper

August 26, 2021
Paul Muolo
As the refi boom begins to wane, nonbank mortgage giant Mr. Cooper is paring certain business lines. Should other lenders follow suit?
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Incentive Compensation Drops for LOs, Processors

August 5, 2021
Monica Hogan
Loan officers continue to benefit from strong refis and purchases, but compensation is coming under pressure. Meanwhile, the need for processors is not abating, according to LBA Ware.
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Want to Get into the MI Business? Here’s Your Chance

July 15, 2021
Paul Muolo
Mortgage insurer PMI of Arizona has put itself on the auction block. Who? And therein lies a story...
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Blend Inching Closer to IPO, But Yet to Turn a Profit

June 24, 2021
Brandon Ivey
The mortgage technology vendor hasn’t been profitable since its inception in 2012 and is forecasting losses going forward.
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Residential Appraisers Fear HUD Task Force

June 10, 2021
Maria Volkova
Not racial bias, but geographical incompetence is the reason appraisers mar home valuations, according to agents interviewed by IMF.
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HUD Chief to Lead Interagency Effort on Appraisals

June 3, 2021
Besides overseeing HUD and keeping tabs on FHA and Ginnie Mae, Marcia Fudge has a new task: managing the White House’s latest initiative on appraisal inequities.
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Zombie Foreclosures Spike in 2Q21; New York Leads the Pack

June 3, 2021
Maria Volkova
The number of boarded-up, empty houses and buildings, or so-called zombie properties, in some stage of foreclosure jumped 21% this quarter, according to data vendor ATTOM.
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