Of the settlement amount, $1.5 million will be doled out to the lead counsel, documents show.

Also, U.S. Mortgage Insurers appoints familiar face as chairman, while Incenter, Carrington, NFM Lending and Xactus find new C-suite executives.

First Foundation will use the large investment to shrink its multifamily loan portfolio, which has weighed down its earnings since interest rates began rising.

The simplified name comes following the company's introduction of several new apps and initiatives over the past several months, as mortgage businesses look to establish relationships with future customers.

Out of the 275 basis points received on a loan, NEXA says 220 will go to its LOs and 55 will go to an expense account. To stay in the program, you must recruit at least one loan officer to join the company.

Household borrowing from mortgages and other loans hit a record, outpacing inflation, a study shows.

Ficklin has been the CFPB's only fair lending director since 2011, establishing the office under Elizabeth Warren and pushing fair lending enforcement beyond mortgages into other financial products such as credit cards.

The latest headcount reduction impacted another office previously belonging to Computershare Mortgage Services, a servicing company Newrez acquired in May.

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The company has enough liquidity to support its short-term real estate finance lending business without the additional funds.

Trade groups were disappointed that the challenge posed by high home prices came up only twice as the current and former presidents faced off.

The group will give non-binding recommendations regarding the government-sponsored enterprises and the Federal Home Loan Banks to the director.

Heather Lovier, a veteran at the company with over two decades of experience, will be in charge of overseeing the entire homeownership experience within the organization.

Michael Drayne, an industry consultant who previously served as a senior vice president of strategic planning and policy at Ginnie Mae, will join HPC in July.

The cloud storage provider has notified 165 potentially exposed businesses.

A tough mortgage market has pushed some lenders to shed their middle management as a way to cut costs. This has ignited debate around what value regional and divisional managers bring to the table.

The wholesale lender called the claims in the Hunterbrook-related class action "meritless" and an attempt to smear its reputation, in a recently filed motion to dismiss it.

Test your knowledge of the biggest mortgage headlines, from the FDIC chair nomination to mortgage servicing statistics. No. 2 pencil not required!

The nation's leading brokerages have agreed to rule changes and settlements with consumers totalling over $900 million.

Michael Saleh, former senior vice president at Rocket, opened up Zoom Home Lending in early June.