| Date | Title | Description |
| 09.04.2025 | Here’s how China could crush the U.S. housing market | At the end of January, foreign countries owned $1.32 trillion worth of U.S. mortgage-backed securities, or 15% of the total outstanding, according to Ginnie Mae.
“If China wanted to hit us hard, they could unload Treasurys. Is that a threat... |
| 30.10.2024 | Freddie Mac's New Approach: A Shift in Loan Repurchase Strategy | In the ever-evolving landscape of mortgage finance, Freddie Mac is making waves. The Federal Housing Finance Agency (FHFA) has announced a significant expansion of its fee-based alternative to loan repurchases. This move is a game changer f... |
| 30.10.2024 | No undue risk! Freddie Mac’s Sonu Mittal on new buyback remedy, appraisal waiver extensions | When asked whether loan buybacks were a more significant issue last year than now, Freddie Mac executive Sonu Mittal says emphatically, “It depends on who you ask.”
Freddie Mac has seen a nearly 55% reduction in repurchase requests from its... |
| 16.10.2024 | Reggora says it will cover mortgage repurchase, LLPA losses tied to appraisal defects | Reggora CEO Brian Zitin said his company is looking to help mortgage lenders by removing the need to manually underwrite most appraisals.
Appraisal management software company Reggora is adding a repurchase and loan-level price adjustment (... |
| 01.10.2024 |
Rocket closes subservicing deal with REIT Annaly | Rocket Mortgage has struck a deal to handle the servicing and recapturing activities for a portion of the mortgage servicing rights (MSRs) of real estate investment trust Annaly Capital Management, the companies announced on Tuesday. Terms ... |
| 23.09.2024 |
More loan buybacks from Freddie Mac are raising eyebrows | Seller repurchases of Freddie Mac mortgages rose to $430 million in the second quarter of 2024, a 29.1% increase from the first quarter, according to an analysis of public filings by Inside Mortgage Finance.
By contrast, sellers of loans th... |
| 20.09.2024 |
FHA head says more housing counselors should have reverse mortgage training | Federal Housing Administration (FHA) Commissioner Julia Gordon thinks that more U.S. Department of Housing and Urban Development (HUD)-approved housing counselors should be trained to work with Home Equity Conversion Mortgage (HECM) borrowe... |
| 12.09.2024 |
CFPB slaps TD Bank with $28M fine for consumer protection violations | The Consumer Financial Protection Bureau (CFPB) has ordered TD Bank to pay $28 million for illegal actions that could tarnish consumer credit reports and for not taking timely action to correct its errors.
The CFPB’s investigation found tha... |
| 30.07.2024 |
Rate adds Manginelli to lead sales coaching program | Rate has hired a new head coach. The Chicago-based mortgage lender announced Tuesday that it’s bringing on Daniel Manginelli to lead its sales coaching program, which is designed to help mortgage professionals implement best practices and i... |
| 08.07.2024 |
Newrez imposes another round of layoffs | Top-five mortgage lender Newrez, owned by asset manager Rithm Capital, has imposed another round of layoffs affecting 265 employees in Colorado and Arizona, per documents sent to state authorities.
That’s the third round this year, followin... |
| 01.07.2024 |
Guaranteed Rate announces its rebrand to ‘Rate’ | Chicago-based Guaranteed Rate, one of the country’s largest mortgage lenders, has rebranded to Rate. The company made the announcement Monday on social media.
“Today, we’re rebranding as Rate,” the company posted on LinkedIn. “Just like our... |
| 07.06.2024 |
Newrez to lay off 317 employees in Colorado | Another round of layoffs hit hundreds of Newrez employees in Colorado, the second so far this year in the state. It follows the the lender’s recent acquisition of Computershare Mortgage Services and its affiliate Specialized Loan Servicing ... |
| 30.05.2024 |
Ginnie Mae eyes year-end for new HMBS product | Ginnie Mae is aiming to roll out plans for its new Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) product by the end of the year, according to acting president Sam Valverde, who spoke at the National Reverse Mortgage Lender... |
| 15.05.2024 |
NYCB to sell $5B in mortgage warehouse loans to JPMorgan | New York Community Bancorp, the parent of Flagstar Bank, said it’s still committed to the home loan business despite selling approximately $5 billion in warehouse mortgages to JPMorgan Chase Bank to improve its capital and liquidity positio... |
| 07.05.2024 |
What a 15-year market share high means for the broker industry | Recent data from Inside Mortgage Finance shows a significant leap in broker market share, jumping to 24.3% in Q4 2023, the highest number we’ve seen since 2009. This is a true testament to the care, commitment and passion brokers across the... |
| 07.05.2024 |
Flagstar Bank makes changes to TPO leadership | Flagstar Bank has made changes to its third-party origination (TPO) channel leadership. Industry veteran John Gibson is leaving the company to pursue other opportunities, and he will be replaced by Rich Hoffman as senior vice president and ... |
| 24.04.2024 |
Freedom Mortgage founder addresses ’extraordinary’ credit profiles, profitability and products | Mortgage lenders should get used to the concept of ”higher for longer” interest rates and work to bring profitability to their businesses, according to Stan Middleman, founder, president and CEO at Freedom Mortgage.
”Your interest rates are... |
| 18.04.2024 |
G-Rate sued for gender discrimination, sexual harassment, unpaid comp | A former loan officer at Guaranteed Rate (G-Rate) has sued the lender and two managers for allegedly discriminating against her on the basis of gender, failing to compensate her equally to male coworkers with similar performance and subject... |
| 02.04.2024 |
New American Funding onboards top Chicago loan officer | New American Funding (NAF) has snagged top Chicago loan officer Larry Steinway as it looks to grow its presence in the Chicagoland area.
Steinway, who closed more than $1.5 billion of loan volume in his nearly 30-year career, started at NAF... |
| 18.03.2024 |
Digital lender Better.com launches one-day HELOC product | Digital lender Better.com launched its One Day Home Equity Line of Credit (HELOC) product that will provide approval decisions to consumers within 24 hours of locking their interest rate.
Better launched its first HELOC product about a year... |
| 13.03.2024 | One way to help American homebuyers? Do what the Dutch do. | Economy One way to help American homebuyers? Do what the Dutch do.
Cork Gaines and Eliza Relman
2024-03-13T13:36:56Z
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| 07.03.2024 |
Planet Home Lending hires Doug Long to expand its retail branch network | Connecticut-headquartered mortgage servicer and lender Planet Home Lending has hired Doug Long as senior vice president and divisional sales manager.
Long, who brings more than 20 years of experience in the mortgage industry, will be respon... |
| 31.10.2023 |
Ex-employee files class-action lawsuit against Guaranteed Rate for unpaid wages | A former employee has filed a class-action lawsuit against Chicago-based mortgage lender Guaranteed Rate for failing to pay minimum and overtime wages, violating the Fair Labor Standards Act.
According to the lawsuit, Robert Peters worked f... |
| 09.10.2023 |
Yoga and a mortgage? Guaranteed Rate has a new app for that | A mortgage lender isn’t the first place most people would turn to for yoga, meditation or personal wellness. However, Guaranteed Rate hopes to change that with the launch of its new consumer-focused Rate App.
The free app, which officially ... |
| 21.09.2023 |
Guaranteed Rate’s new mobile app allows LOs to provide 24/7 service | Guaranteed Rate’s PowerVP mobile app aims to enhance loan originators’ ability to keep in constant contact with customers anywhere, at any given time — 24/7.
The PowerVP app will create new loans; invite customers to complete a digital mort... |
| 15.09.2023 |
Guaranteed Rate Affinity sues former originators over advanced compensation | Guaranteed Rate Affinity has initiated legal action against former loan originators, accusing them of breaching contracts by failing to pay back advanced signing bonuses and commissions after they left the company.
Two anonymous sources tol... |
| 07.09.2023 |
How the buyer commission lawsuits could upend the relationship between agents and LOs | For most real estate agents, working with a reliable lending partner is essential to a smooth and successful transaction.
“That partnership is everything,” Amy Breach, a Seattle-based Keller Williams agent, told HousingWire in late 2022. “T... |
| 23.08.2023 |
Guaranteed Rate conducted two rounds of layoffs this month | Guaranteed Rate, the seventh-largest mortgage lender in the country, has laid off hundreds of employees across two rounds of layoffs this month, according to former staffers who were affected.
In the first round, the Chicago-based lender la... |
| 08.08.2023 |
As others struggle, Planet Home Lending is growing origination volume by double digits | In an industry facing headwinds, Connecticut-headquartered mortgage servicer and lender Planet Home Lending stands out among its peers, reporting double-digit increases in mortgage origination volume while competitors struggle to hit last y... |
| 03.08.2023 |
Rocket has a profitable quarter and a new CEO | Rocket Companies, the parent of Rocket Mortgage, returned to profitability in the second quarter of 2023 driven by an increase in the purchase mortgage market share and expense cuts in business lines that aren’t profitable.
The Detroit-head... |
| 13.07.2023 |
Non-QM lender NewFi launches correspondent lending channel | Non-qualified mortgage (non-QM) lender NewFi Lending has launched a correspondent lending channel at a time when originators are fighting to grab production volume.
“Non-QM product offerings are critical to any mortgage bankers’ offerings i... |
| 18.04.2023 |
New American Funding cofounders talk expansion, prospects for 2023 | In a cyclical mortgage industry, hedging is key to maintaining a buffer against losses. For New American Funding (NAF), the country’s 33rd-largest mortgage lender, hedging is how the company was able to manage through the troughs of the mor... |
| 14.04.2023 |
Profits up, production volume down for Wells Fargo, JP Morgan in Q1 23 | Wells Fargo and JP Morgan Chase, the country’s top depository lenders, saw mortgage production volume further decline in the first three months of 2023, signaling another tough quarter for the mortgage industry.
Wells Fargo, the fourth-larg... |
| 20.03.2023 | Flagstar acquires $38B in assets, assumes $34B deposits from Signature | Flagstar Bank, a top-20 U.S. mortgage lender owned by New York Community Bancorp, announced on Sunday that it has assumed most deposits and acquired certain assets, business lines and liabilities of Signature Bridge Bank, N.A. from the Fede... |
| 22.02.2023 | RMBS market is finally catching up to last year’s big rate surge | The residential mortgage-backed securities (RMBS) market took a beating in 2022, nearly stalling as the year came to an end — on the heels of interest rates jumping more than 3 percentage points over the first half of 2022.
That dramatic ra... |
| 21.02.2023 | New American Funding names new co-CEO and president | California lender New American Funding has promoted Patty Arvielo to CEO, becoming co-CEOs with her husband Rick. Christy Bunce will succeed Arvielo as president.
“Patty Arvielo had served as president of the company before being elevated t... |
| 09.02.2023 | Northpointe Bank to shutter its correspondent lending business | Northpointe Bank, a regional bank headquartered in Michigan, will walk away from its correspondent lending business to focus on its retail lending, mortgage warehouse financing division and specialty loan servicing business.
“Due to the sig... |
| 18.01.2023 | Pennymac looks to capitalize on Wells Fargo’s correspondent exit | Pennymac, the country’s largest correspondent lender with about 14% market share, has its eyes fixed on absorbing origination volume that Wells Fargo is leaving behind in the correspondent channel.
The California-based lender plans to incre... |
| 11.01.2023 | Wells Fargo pulls back from mortgage market it once dominated | More On: wells fargo
Wells Fargo cutting back on mortgages, will focus on lending to ‘minorities’ Ex-Wells Fargo VP arrested after ‘peeing on passenger’ during Air India flight Wells Fargo VP fired for ‘urinating on passenger in business cl... |
| 06.01.2023 | loanDepot targeted by lawsuit alleging poor work conditions | Mortgage lender loanDepot recently became the target of a lawsuit filed by a group of former California employees who have complaints about the company’s work conditions.
The lawsuit was filed on December 23 in the Superior Court of the Sta... |
| 03.01.2023 | loanDepot starts 2023 with changes to its warehouse credit line agreements | California-based mortgage lender loanDepot made changes to its credit line agreement with two of its warehouse lenders going into 2023 amid shrinking origination volume in the previous year.
In late December, Dallas, Texas-headquartered Nex... |
| 12.12.2022 | In a brutal market, lenders seize on correspondent | There are reasons California-based Pennymac may want to forget 2022.
The mortgage lender’s overall origination volume dropped 54% from January to September compared to the same period in 2021, according to data from Inside Mortgage Finance.... |
| 28.11.2022 | Opinion: We don’t need increased regulation of IMBs | Last week the Wall Street Journal published a story by Andrew Ackerman stating that the Biden administration wants to target nonbanks for tougher oversight and additional regulation.
The story states, “the Biden administration is laying the... |
| 15.11.2022 | loanDepot ends repurchase agreement, shrinks funding capacity | California-based mortgage lender loanDepot terminated a master repurchase agreement (MRA) with J.V.B. Financial Group, reducing its funding capacity amid sharply decreasing originations.
“The maximum amount available for financing of mortga... |
| 10.11.2022 | These mortgage lenders are making major job cuts as production plummets | Mortgage lenders have imposed new rounds of layoffs in the fourth quarter, reflecting a dreadful landscape for originators.
This week, the latest Freddie Mac weekly survey data showed that the 30-year fixed-rate mortgage increased to 7.08%,... |
| 06.09.2022 | Citi trims mortgage workforce amid reorganization | Depository bank Citi has trimmed staffing levels in its mortgage business, following surging rates and a reorganization of its operations.
“Citi has made a small number of staffing reductions within our mortgage team due to internal streaml... |
| 31.08.2022 | Cornerstone Home Lending to buy The Roscoe State Bank | Houston-based nonbank mortgage lender Cornerstone Home Lending announced on Wednesday it has received all regulatory approvals to acquire traditional depository The Roscoe State Bank, a deal that will expand its operations beyond the tradit... |
| 25.08.2022 | Will new products stop the bleeding for mortgage lenders? | Homepoint is in a tough spot.
Like its peers, the wholesale lender’s origination volume has plunged over the past year due to a dearth of refinancings and a sluggish purchase market. But there’s another threat that Homepoint executives must... |
| 01.08.2022 | Guaranteed Rate Affinity sues divisional manager for causing ‘mass departure’ | Mortgage lender Guaranteed Rate Affinity is suing a divisional manager for allegedly orchestrating a “mass departure” to competitor Cardinal Financial Company, a violation of the employment agreement.
According to the company, on the evenin... |
| 28.07.2022 | Pennymac Financial cuts another 32 jobs in California | Nonbank mortgage lender Pennymac Financial Services laid off 32 additional employees in July, ahead of its scheduled Aug. 2 second-quarter earnings report.
It marks the California-based company’s third round of layoffs this year, as Pennyma... |
| 14.07.2022 | Fix-and-flip lender Kiavi lays off 7% of employees | Non-QM lender Kiavi, which specializes in fix-and-flip and investor loans, has laid off 39 employees, sources told HousingWire on Thursday.
An email sent to employees on Wednesday morning said Kiavi reduced the size of the firm by about 7% ... |
| 06.07.2022 | In retreat, Wells Fargo cuts additional mortgage jobs | Wells Fargo, the third-biggest mortgage lender in the country, will lay off 125 employees in its home lending division in Iowa by the end of August.
The bank will cut 11 jobs in July and 114 in August, according to Worker Adjustment and Ret... |
| 28.06.2022 | Fix-and-flip lender Kiavi finalizes $218M private-label offering | Kiavi, formerly LendingHome, recently closed a $218 million private-label securitization of unrated short-term mortgages — described as “residential transition loans” (RTLs) by the lender, which serves the fix-and-flip market.
The deal repr... |
| 24.06.2022 | PIMCO-backed FGMC lays off most staffers | Mortgage lender First Guaranty Mortgage Corporation cut about 80% of its workforce on Friday and has stopped accepting new mortgage applications, HousingWire has learned. Former employees said the lender has “essentially shuttered.”
Accordi... |
| 10.06.2022 | Haunted by zombie properties, Ocwen settles lawsuits | Nonbank mortgage lender and servicer Ocwen Financial Corp. and its subsidiary PHH Mortgage agreed to pay more than $665,000 to settle multiple lawsuits filed last year by three cities in New York state regarding the maintenance of zombie pr... |
| 06.06.2022 | Figure and Homebridge cancel planned merger | Figure Technologies co-founder and CEO Mike Cagney
Fintech lender Figure Technologies and multichannel originator Homebridge Financial Services last August announced a merger that they claimed would usher in monumental change to the mortgag... |
| 03.05.2022 | Servicing portfolio gains propel Newrez Q1 profits to $690M | New Residential Investment Corp.’s first quarter earnings repeat the logic of rising interest rates lowering origination profits but increasing servicing gains, as reported by companies such as Mr. Cooper and Ocwen last week.
The real estat... |
| 02.05.2022 | Interfirst to lay off 140 employees | Six months ago Interfirst Mortgage Co. issued pink slips to over 350 non-commissioned loan officers, a workforce reduction that former workers claimed to represent more than half of Interfirst’s entire staff.
It was not enough: the Rosemont... |
| 25.02.2022 | FHFA wraps up enterprise regulatory capital framework tweaks | The Federal Housing Finance Agency (FHFA) on Friday finalized proposed changes to the enterprise regulatory capital framework.
The amendments replace the fixed prescribed leverage buffer amount — currently 1.5% of an enterprise’s adjusted t... |
| 03.02.2022 | Rising interest rates trigger an exuberant MSR market | Incenter Mortgage Advisors was flooded with a surge of mortgage-servicing rights business in January — with bulk MSR sales approaching in one month what the firm normally tallies in an entire year.
Denver-based Incenter’s managing director,... |
| 28.01.2022 | Opinion: The changing landscape of the IMB | There are some interesting trends that have come out of the boom years of 2020 and 2021. The realignment of the mortgage industry should make us all rethink how we look at lenders by category. Rather than looking at bank-owned mortgage comp... |
| 16.12.2021 | Interfirst, the phoenix of mortgage, lays off hundreds | In 2012, Dmitry Godin was seemingly on top of the world. Interfirst Mortgage, the retail mortgage business he founded in 2001, had grown to $14.5 billion in originations, cementing its place as the 15th-largest originator in the country. By... |
| 06.12.2021 | Who’s afraid of the PSPA? | Stakeholders are divided over whether, in light of proposed changes to its capital rule, the Federal Housing Finance Agency should retool its agreement with the U.S. Treasury and remove policies some say never belonged there in the first pl... |
| 23.09.2021 | The White House’s Latest GSE ‘Reforms’ Repeat Sins Of The Past | American political operative Ron Klain arrives at Democratic presidential candidate Hillary ... [+] Clinton's home in Washington, Wednesday, Oct. 5, 2016. Clinton is at her Washington home today for private meetings. (AP Photo/Andrew Harnik... |
| 29.07.2021 | Mortgage finance startup Easy raises $15 million in funding | ETtechIllustration: Rahul Awasthi
Mortgage finance startup Easy has announced that it has raised $15 million as part of a Series-A funding round which was led by private equity firm Xponentia Capital Partners.
The round, which closed at an ... |
| 29.07.2021 | Mortgage finance startup Easy raises $15m and 10 India deal updates | Research
Mortgage finance startup Easy said it has raised $15 million as part of its Series A funding round led by private equity firm Xponentia Capital Partners.
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| 23.06.2021 | FHFA Director Mark Calabria must go | Mark Calabria, the director of the Federal Housing Finance Agency, must go. He is slowly but surely undermining the system he has been charged to oversee, imposing his ideological will on Fannie Mae and Freddie Mac in a way that will leave ... |
| 02.04.2021 | Finance of America to go public before IPO window closes | Finance of America on Monday will become the latest lender to make its debut on the New York Stock Exchange.
The lender, which is controlled by the Blackstone Group and operates through retail, wholesale and correspondent channels, will beg... |
| 26.02.2021 | JPMorgan’s Thasunda Duckett named next CEO of TIAA | TIAA Bank has tapped JPMorgan Chase‘s head of consumer banking, Thasunda Brown Duckett, to succeed longtime president and CEO, Roger Ferguson, Jr.
Thasunda Brown Duckett
With the hire, TIAA is now the first Fortune 500 company to have two B... |
| 08.02.2021 | LoanDepot to IPO this week at possible $6.2B valuation | After pushing back its initial public offering a week, loanDepot looks poised to tap the public markets at a $6.2 billion valuation later this week.
The multi-channel mortgage lender hopes to raise $300 million by pricing its shares between... |
| 03.02.2021 | IMF: CFPB mortgage servicer complaints drop in Q4 | Mortgage servicers received less complaints at the Consumer Financial Protection Bureau (CFPB) in the fourth quarter of 2020, according to data from Inside Mortgage Finance.
The data showed that mortgage protests overall decreased by 6.7% i... |
| 23.09.2020 | What’s a loan servicer to do about compliance? | Loan servicers operate between a rock and a hard place today. Customers demand high-quality service. Regulators demand that products and services are provided fairly and equitably. OK, but then the current economic climate adds levels of co... |
| 27.07.2020 | Lenders, servicers zero in on recapture as refinances soar | Over the past few months, lenders have recorded record business when it comes to new originations and refinances. New Residential Investment Corp. is using its mortgage business profits to pull the company toward recovery after first and se... |
| 13.11.2019 | Bank of America's mortgage tech bets have helped save billions and spark a boom in home lending - here's how it's outpacing JPMorgan and Wells Fargo | Advertisement
After several years of watching its mortgage-origination volumes decline, the Charlotte-based megabank has seen nearly 60% growth in origination volume through the third quarter.
The bank's head of consumer lending, Steve Bola... |
| 11.12.2014 | This is why reverse mortgage servicers need a foreclosure moratoria | Earlier this week, HousingWire’s blog cited an open letter from a homeowner who spoke to the challenges he’s faced in trying to work with Ocwen Financial Services, a mortgage servicer with a troubled history. As HousingWire readers know, Oc... |
| 30.04.2013 | HARP 3.0 chatter sparks private-label loan debate | Mortgage experts recently met with White House officials to discuss housing and mortgage issues, resurfacing the possible idea of establishing a Home Affordable Refinance Program 3.0 program.
Particularly, the Obama Administration is intend... |
| 30.01.2013 | ASF 2013: Don’t kid yourself on RMBS future | Over the past three days at the American Securitization Forum, I’ve sat in six sessions ranging from RMBS valuations to new securitization perspectives to housing finance reform to REO-to-Rental. Here’s what is apparent to me – the RMBS mar... |
| - | Wells Fargo, once the No. 1 player in mortgages, is stepping back from the housing market | Instead of its previous goal of reaching as many Americans as possible, the company will now focus on home loans for existing bank and wealth management customers and borrowers in minority communities, CNBC has learned.
As part of its retre... |
