Industry News
Industry News
-
Lee Cove, former divisional vice president at Caliber, is being accused of bringing over 150 employees to Cardinal Financial in 2022.
March 13 -
Company executives are counting on Guild's recent acquisitions to buoy business once the market normalizes.
March 12 -
The head of the U.S. Department of Housing and Urban Development under the Biden Administration said she will transition from public life starting March 22.
March 11 -
Loan officers and branch managers have started transitioning to competitors such as Union Home Mortgage, CrossCountry Mortgage and The Money Store.
March 11 -
Also, Freddie Mac boosts single-family seller engagement team, Carrington names new CEO and Corelogic ads executive in real estate solutions.
March 11 -
Home sellers accuse the corporate giant, which owns HomeServices of America, of making billions of dollars in ill-gotten gains in 2023 alone.
March 8 -
Natural disasters have hammered U.S. home insurers and hindered some stateside origination activity, but no American lender has publicly pronounced a pullback over climate risks.
March 7 -
Branch manager David Garofalo is accused of planning a ruse in which he and his colleagues joined AFC for two weeks to download $1,500 worth of credit reports and then left to start their own venture.
March 7 -
Reverse mortgage lender Finance of America posted a quarterly profit to end 2023, as it completed post-merger integrations and faced warnings of delisting from the New York Stock Exchange.
March 6 -
Argyle, which helps lenders verify income and employment data, completed a $30 million funding round led by a Rockefeller Capital Management innovation fund, bringing its funding since the firm's formation to more than $100 million.
March 6 -
In conjunction with the announcement, Rithm also commenced a cash-tender offer to purchase up to $275 million worth of notes coming due in 2025.
March 5 -
Rocket shrunk its workforce by about 20% year-over-year, while Academy cut 250 employees prior to being acquired by Guild Mortgage.
March 4 -
A proposed class action claims the broker company used the photographs and information of LOs not affiliated with the company as a means to drive traffic to its website.
March 4 -
Employees transitioned after Premier's parent company, NTFN Inc. shuttered in December.
March 1 -
A mixed-race couple claims a "whitewashed" valuation in 2023 returned a price 39% higher than the depository-approved result a year earlier.
February 29 -
Technology and compliance expert Anne Marie Pippin will help lead the division of conservatorship, oversight and readiness, while Anju Vajja takes on a similar position on the research team.
February 29 -
The program sponsors licenses for real estate agents, insurance professionals and others to help buyers obtain mortgages.
February 29 -
The mortgage lender said the hack was caused by a third-party's vulnerability.
February 28 -
The lender had previously revealed that personally identifying information from 16.6M customers had leaked, but hadn't offered these details.
February 27 -
The top five lenders have an average mortgage origination volume of more than $7.4 billion.
February 27



















