Industry News
Industry News
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A lawsuit accuses the group of trespassing, damaging office space and taking digital and physical property from their former employer after their departure.
August 29 -
The mortgage technology companies finalized an agreement with the Federal Trade Commission that permits the controversial deal to proceed.
August 28 -
The transaction will give the public mortgage shop a stronger foothold in the Midwest.
August 28 -
The rate of increase cooled for the 14th straight month in June, dropping over 10% year over year, according to CoreLogic.
August 25 -
The company in a court filing suggests it has funds available for its unsecured creditors, led by a private equity firm, major banks and a servicer.
August 25 -
Gen Z homebuyers make up a 21.26% share of purchase requests in the top five metropolitan areas.
August 25 -
The lender's share price fell 93% Thursday as the industry reckoned with average mortgage rates hitting a 22-year high.
August 24 -
An economic slowdown would deliver lower interest rates but tighter credit standards, while a "soft landing" for the economy wouldn't solve the low inventory problem, a new report said.
August 24 -
The bottom five metropolitan areas have an average share of mortgage purchase requests from Gen Z homebuyers of 9.29%.
August 24 -
A father and son duo allege the mortgage origination shop failed to pay their final compensation and to reimburse "hundreds of thousands of dollars of approved expenses."
August 24 -
In a letter to the Federal Trade Commission, the California Democrat said assurances were needed from the potential combined company to ensure the buyer of divested assets would not be dependent on the "conglomerate" to offer fully functioning products.
August 23 -
The lender, which endured two difficult years of limbo before its listing, is touting a capital infusion of at least $550 million as a key to future growth.
August 23 -
The hedge fund accepted a $639 million offer from the mortgage REIT last month.
August 22 -
The job cuts come amid caution about the industry's growth potential in the second half of the year. Some 45,000 positions have been lost in banking and related industries over the last two-plus years.
August 21 -
The government watchdog's original lawsuit was dismissed by a district court on Feb. 3, after the parties engaged in over nine months of discovery. Two months later, the agency challenged the decision.
August 21 -
The lender said the unnamed decision makers behind the termination were unaware of the plaintiff's pregnancy.
August 21 -
The lawsuit alleges an executive helped his firm's rival create its wholesale division before departing to the competitor with dozens of his colleagues.
August 21 -
The decision highlighted conflicts between insurance providers and detractors, with supporters of alternative products underscoring it had no effect on the services they offer, while a major industry trade group critical of the program lauded the outcome.
August 18 -
The watchdog accuses the mortgage shop of providing illegal incentives to real estate brokers and agents, such as cash payments, paid subscription services, and catered parties, in return for purchase business.
August 17 -
Lenders reported a net loss of $534 on each loan they originated in the last quarter, an improvement from the $1,972 loss per loan the quarter prior.
August 17


















