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The company reportedly hired Truist to broker the loan origination system, which observers have been saying all along would have to happen.

Executives at the company said building special-servicing capacity will help the company brace itself for a potential change in the credit cycle.

The central bank has raised rates aggressively for nearly a year, but experts believe the hiking cycle is nearly over.

Approximately 2,350 full-time employees and contractors — some of whom did mortgage-related work — were let go, according to the credit reporting agency.

If he really wants to win reelection in 2024, President Biden and his administration should leave the mortgage industry in peace and find somebody else to torment, the Chairman of Whalen Global Advisors writes.

While reverse mortgages allow older homeowners the opportunity to draw on home equity with minimal risk, problems arising from flaws in program structure are causing headaches for borrowers and issuers alike, according to recent reports.

The Federal Home Loan Banks system's primary affordable housing program has not had an in-depth review in more than 12 years, according to a new inspector general report.

A decline in jumbo products led to overall tightening, as conforming and government-sponsored loan categories measured in the Mortgage Bankers Association's index were unchanged from December.

Michael Strauss and his previous lending company still face four federal lawsuits from creditors and laid off workers seeking backpay.

Daryl Hemeon is a Solutions Architect at Noyo. Before starting at Noyo, he used to build web applications, work on Marketing Technology, and then helped accelerate business problem solving as one of the founding members of the Digital Incubator at Unum. He has always believed that solving problems on the personal level with technology will make our lives better. Daryl currently lives in Cape Elizabeth Maine with his family, where he enjoys all the outdoors that Maine has to offer.