| Date | Title | Description |
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| Apr 20, 2023 |
Guild snags a top team from Fairway | Distributed retail lender Guild Mortgage has picked up a top-producing team of loan officers, branch managers and back-office staff in California from rival retail shop Fairway Independent Mortgage.
Guild, publicly traded and based in San D... |
| Apr 3, 2023 |
What is SoFi acquiring with Wyndham Capital Mortgage? | SoFi Technologies announced Monday that it had acquired fellow digital lender Wyndham Capital Mortgage in an all-cash transaction.
The acquisition will allow SoFi to broaden its suite of mortgage products available to members, enhance unit ... |
| Mar 13, 2023 | Guild Mortgage acquires Cherry Creek Mortgage | Retail lender Guild Mortgage announced the acquisition of Cherry Creek Mortgage, a privately-held Colorado-based lender with 68 branches in 45 states.
Cherry Creek will become its own division of Guild, headed by co-founder Jeff May, Guild ... |
| Feb 13, 2023 | EPM files a counterclaim against Jesse Iwuji Motorsports | Equity Prime Mortgage (EPM) filed a counterclaim against Jesse Iwuji Motorsports (JIM) last week for allegedly breaching a sponsorship contract. The Atlanta-based mortgage lender is accusing the stock car racing team of breaking the agreeme... |
| Feb 7, 2023 | Guild acquires small retail lender Legacy Mortgage | Acquisitive lender Guild Mortgage on Tuesday announced the acquisition of Legacy Mortgage, increasing its footprint in the Southwest.
Publicly traded Guild is picking up Legacy’s 13 branches across four Southwest states – Arizona, Colorado,... |
| Jan 25, 2023 | A top producing loanDepot team heads to Revolution Mortgage | About 25 people from loanDepot’s top producing team have joined boutique lender Revolution Mortgage to reunite with their former team lead.
Roughly half of the team led by Stacy Chevalier, former area manager covering parts of the states in... |
| Jan 18, 2023 | Lower debuts white label mortgage platform | Columbus, Ohio-headquartered lender Lower rolled out mortgage as a service platform that enables consumer finance, banking and real estate companies to offer its mortgage products.
Lower’s platform is aimed to offer a “digital-first home fi... |
| Dec 7, 2022 | After margin call, EPM stopped paying Jesse Iwuji Motorsports sponsorship: lawsuit | Stock car racing team Jesse Iwuji Motorsports (JIM) this week filed a lawsuit against Atlanta-based mortgage lender Equity Prime Mortgage (EPM) for allegedly failing to make more than $4 million in sponsorship payments after the company rec... |
| Nov 22, 2022 | Inside Movement Mortgage’s acquisition plans | Movement Mortgage CEO Casey Crawford and President Mike Brennan.
Movement Mortgage’s deal to acquire top indie retail lender Mortgage Network marks a shift in the South Carolina-based company’s strategy.
“Over the years, we’ve been more foc... |
| Nov 10, 2022 | Angel Oak Home Loans announces exit from retail channel | Angel Oak Home Loans will exit its retail distribution channel following a sale of its retail offices to an unknown lender and servicer. The firm will focus on the non-qualified residential mortgages in the wholesale and correspondent chann... |
| Nov 3, 2022 | FoA Mortgage’s shutdown brightens the prospects of a small Indiana lender | A team of more than 60 mortgage bankers at now-defunct Finance of America Mortgage has landed at Hallmark Home Mortgage.
The retail team covers the states of Colorado, Georgia, Kansas, Louisiana, Missouri, South Carolina and Texas. Marc Wad... |
| Oct 21, 2022 | Marlin Mortgage to acquire LoanFront in Ginnie MSR play | The parent company of mortgage servicing rights clearinghouse Marlin Mortgage has struck a deal to acquire 100% of the outstanding equity of direct-to-consumer mortgage lender LoanFront. Terms of the deal were not disclosed and it requires ... |
| Oct 12, 2022 | California-based Summit Funding to cut 72 staffers | Sacramento, California-based mortgage lender Summit Funding Inc. plans to make a round of layoffs in late November that will affect 72 employees, according to a document filed with the state’s Employment Development Department.
“With the de... |
| Oct 11, 2022 | Lenders One opens first branch inside a Walmart | The first Walmart-based in-store branch from retail mortgage cooperative Lenders One opened this week in Newton, New Jersey. And two additional mortgage branches are expected to open in Walmarts in New Jersey and Florida within the next 30 ... |
| Oct 10, 2022 | Angel Oak Home Loans cuts 15% of its workforce | Atlanta-based Angel Oak Companies instituted a round of layoffs at its retail mortgage company on Friday, not long after trimming the workforce in its wholesale and correspondent business.
The latest jobs cut was at Angel Oak Home Loans, wh... |
| Oct 6, 2022 | More layoffs at Keller Mortgage | Keller Mortgage, the lending arm of real estate holding company kwx, is the latest firm to be hit by the rapidly decreasing demand for mortgages.
On Monday, the company underwent a “mass layoff,” according to posts by former Keller Mortgage... |
| Sep 28, 2022 | Non-QM lender Angel Oak Mortgage Solutions cuts 20% of staff | Non-QM specialist Angel Oak Mortgage Solutions is the latest player in the space to cut a sizable chunk of its workforce amidst widespread market volatility.
The company issued pink slips to 75 employees last week, about 20% of its workforc... |
| Sep 26, 2022 | BayFirst National Bank withdraws from residential mortgage business | Higher mortgage rates, lower volume and fiercer competition forced BayFirst National Bank to shut down its residential mortgage business and lay off staffers.
BayFirst Financial Corp., the parent company of BayFirst National Bank, announced... |
| Sep 23, 2022 | Thrive Mortgage to acquire American Mortgage Service Company | Texas-based independent mortgage bank Thrive Mortgage has signed a letter of intent to acquire the Ohio-based lender American Mortgage Service Company (AMSC).
Financial terms of the deal were not disclosed.
The acquisition will strengthen T... |
| Sep 19, 2022 | SPS to acquire Rushmore Loan Management Services assets | Select Portfolio Servicing Inc. (SPS) has struck a deal to acquire certain assets of Texas-based Rushmore Loan Management Services LLC.
The deal, announced Monday, will result in Salt Lake City-based SPS acquiring Rushmore’s servicing perso... |
| Sep 13, 2022 | Point Mortgage Corp. exits wholesale channel (for now) | California-based Point Mortgage Corporation has decided to shut down its wholesale business GoPointDirect and lay off employees to focus on retail lending, a top executive confirmed to HousingWire.
“We have temporarily taken it down,” Johnn... |