Industry News
Industry News
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National Mortgage News recounts some of the notable mergers and acquisitions completed in the past 12 months.
December 28 -
Originators ought to get involved in their community and double down on their social media presence, industry stakeholders say.
December 28 -
A competitor is accusing the lending giant of operating a "transition desk" dedicated to poaching loan officers and stealing trade secrets.
December 27 -
At least 40 former employees are in the class action, which is made up of former loan officers from Pennsylvania and New Jersey.
December 26 -
The deadline for a $28 million deal between Bancorp 34 and CBOA Financial was pushed later into 2024 after Bancorp 34, the buyer, announced it would restate third-quarter results to reflect a significant loss tied to a worsening commercial real estate credit.
December 26 -
In a filing, the company's subservicing subsidiary Loancare said 1.3 million customers had their data compromised, while in an ongoing situation, customers of fellow title insurer First American find themselves without email or online access after a separate incident last week.
December 26 -
Workers who switched companies have disparaged their former employer to its homebuilder partners, the suit claims.
December 22 -
Lawsuits entangling the industry's biggest brands drew a lot of attention and venerated leaders dishing on today's landscape were closely read too.
December 22 -
Freedom Mortgage and UWM are looking to beef up their headcount, as the Fed signals interest rates will drop.
December 22 -
With a tough winter predicted for lenders, servicers may struggle making timely principal and interest payments to investors, industry stakeholders warn.
December 21 -
Companies on mello's roster now include Lumio, a solar energy provider, and Bosscat, a real estate data platform revolutionizing home services.
December 20 -
A proposed reduction in the amount of overall discretionary spending amounts would hamper both agencies' ability to fulfill their affordable-homeownership missions, the consortium of housing industry advocates said.
December 19 -
Over 200 employees will be let go as of Feb. 16, 2024, according to an Illinois WARN notice.
December 19 -
Both past and present customers were impacted by the data breach.
December 18 -
Trigger leads may take a back seat to other priorities near term but growing support in both chambers for these types of bills suggests the issue has momentum.
December 15 -
To make amends to former and current borrowers, Mr. Cooper is footing the bill for two years of complimentary identity protection services.
December 15 -
Alleged screenshots show the lender in text messages and emails encouraging the theft and dissection of the competitor's profit and loss model.
December 15 -
The mortgage giant alleges that District Lending flouted its 2021 ultimatum by sending at least 84 loans to either Rocket Mortgage or Fairway Independent Mortgage Corporation. It's seeking to recoup over $400,000.
December 15 -
A Connecticut-based couple sued the bank and Cavanaugh Appraisals, LLC for denying them a refinance in 2021 because of racial bias.
December 14 -
Both companies have been at the center of other M&A transactions over the past two years, as each looked to expand their national footprint.
December 14



















