The lender and servicer, coming off multiple consecutive quarters of net losses, has to pay significantly higher interest rates for an additional two year term for this debt.

The deal is expected to open up "substantial funding capacity" for Los Angeles-based BARH Dunmore, which launched in 2021.

Staffing cuts affected employees in the reverse-mortgage lender's retail and corporate units, the company confirmed.

Sandro DiNello, who briefly led New York Community Bancorp amid turmoil earlier this year, is staying on the company's board. But Joseph Otting, the company's recently installed CEO, is taking on the executive chairman position.

At the end of 2024's first quarter, the top five lenders had an average origination volume of more than $7 billion.

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The trade group says it'll fight to keep real estate and business provisions intact in a pivotal debate over the expiring Trump tax cuts.

Following the closing of the transaction in the third quarter, Michael Isaacs, the CEO of GO Mortgage, will take the helm of the combined company.

The title insurance giant was one of several major mortgage players to suffer a hack late last year.

The announcement comes after weeks of criticism from the bureau's director over fees including title insurance and credit scores.

The billion-dollar originators are disputing Waterstone Mortgage's alleged raiding of 60 employees two years ago, which led three offices to shutter.

The mortgage veteran will oversee all operational aspects at Kind, a post published by the multichannel lender said.

A Connecticut judge gave preliminary approval of a $2.42 million settlement between the plaintiffs and Planet Home Lending. Plaintiffs could receive up to $2,000 from the settlement fund.

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The department will release a circular to remove restrictive language potentially hindering veterans' home buying power until a new policy is formally introduced, it announced Tuesday.

Attorneys representing the collective suit are set to receive $1 million, per the settlement.

The goal of Newrez's litigation, OneTrust claims, is not to secure a favorable judgment, "but to harm OneTrust's standing and reputation."

The two mortgage consultancy firms touted services that complement each other and will transition to a single brand name in the coming months.

A complaint lists out a number expenditures that employees paid out of pocket, but were not reimbursed for, such as high-speed internet, a dedicated phone, and home office expenses.

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