Industry News
Industry News
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JPMorgan Chase, Wells Fargo, Bank of America, U.S. Bank and Citi had more than $1 billion in combined first-mortgage loans as of Sept. 30.
December 24 -
The watchdog accuses Rocket Homes and The Mitchell Group brokerage of initiating a plan to generate origination business for Rocket Mortgage.
December 23 -
Holiday decorations accounted for 43% of all festive display disputes with Homeowners' associations, a report by KeyLeads found.
December 23 -
Rival lenders lodged suits for poaching, Rocket sued HUD over appraisal bias and a top LO was accused of large-scale mortgage fraud.
December 23 -
Stakeholders in the financial services space, including the IRS and HUD, filed objections to Hometown's proposed liquidation plan.
December 23 -
United Wholesale Mortgage's legal battles and the passing of David Stevens top the list of important mortgage news in 2024.
December 23 -
Mortgage loan officers say more positive customer reviews help optimize SEO, thereby pulling in more future borrowers on the lookout for an originator.
December 23 -
Lawmakers asked the company's founder and CEO to provide details ranging from arrangements being made for former customers to his own executive compensation.
December 19 -
Borrowers with new foreclosure filings also grew, but the number of loan modifications decreased, according to the Office of the Comptroller of the Currency.
December 18 -
After a legislative initiative on trigger leads was cut from a defense bill, the bipartisan Homebuyers' Privacy Protection Act passed the Senate and is now heading to the House.
December 18 -
These are just a few of the legal actions that will have implications for mortgage firms going forward.
December 18 -
Independent mortgage banks see value in utilizing AI to solve mundane tasks, but some are reluctant to go all in because of the tough market for originations.
December 17 -
The Texas Department of Savings and Mortgage Lending is requiring loan officers to notify borrowers if their contact information was obtained through trigger leads.
December 16 -
The bank ends the year with a substantially different profile from early 2024, which brought new leadership, a significant reduction to its mortgage operations and a corporate rebrand.
December 16 -
Businesses across several industries have already started budgeting for expected price increases
December 13 -
After Nexpoint refused to vote via its proxies at the UDF IV annual meeting, the existing directors supporting the sale to Ready Capital were declared elected.
December 11 -
Mortgage lenders can now submit loan information through VA's new management system, replacing the need for email submissions.
December 11 -
Workers in the bank's conduct management intake group joined colleagues at 23 Wells Fargo branches in approving a union.
December 11 -
Mat Ishbia urged brokers to understand how the increases in credit score and report costs affect both them and the borrowers they serve.
December 10 -
A slower rate of price increases would boost the likelihood of an interest-rate cut that could expand loan demand and lower banks' deposit costs. A higher pace of inflation, however, could derail those catalysts.
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