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Blend reports massive losses as cost-cutting continues

National Mortgage
Mortgage Finance
3 years ago

Blend Labs was hit especially hard by the mortgage market's woes last year, posting a $763.8 million net loss over,.. Read More;

post

Banking group aims for standardized mortgage licensing requirements

National Mortgage
Mortgage Finance
3 years ago

A banking regulatory group is taking steps toward "modernizing" the National Multistate Licensing System, moving toward greater mortgage-industry standardization.The Conference,.. Read More;

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HUD rolling back Trump-era changes to fair lending rule

National Mortgage
Mortgage Finance
3 years ago

The Department of Housing and Urban Development has confirmed its proposed reversal of a 2020 change to a rule governing,.. Read More;

post

Impac loses $12M in the fourth quarter

National Mortgage
Mortgage Finance
3 years ago

Even though Impac Mortgage Holdings lost less money on a quarter-to-quarter basis in the period ended Dec. 31, originations were,.. Read More;

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Biden calls for tougher punishments for executives of failed banks

National Mortgage
Mortgage Finance
3 years ago

President Biden called on Congress to expand the FDIC's ability to claw back compensation from executives of failed banks and,.. Read More;

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Newly built homes too pricey for most Americans: report

National Mortgage
Mortgage Finance
3 years ago

While the current housing market is considered more favorable to buyers than sellers by some mortgage industry leaders, plenty of,.. Read More;

post

Mortgage execs confident in warehouse lines amid bank turmoil

National Mortgage
Mortgage Finance
3 years ago

The failures of Signature Bank and Silicon Valley Bank have already rocked mortgage rates but aren't expected to rattle warehouse,.. Read More;

post

First Republic rescue caps 180-degree turn in banking mood for now

National Mortgage
Mortgage Finance
3 years ago

After what felt on Wednesday like relative calm in the banking industry compared with the chaos of the five previous,.. Read More;

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Fed's super discount window issues $12 billion of advances in three days

National Mortgage
Mortgage Finance
3 years ago

The Federal Reserve said Thursday that its new standing credit facility was tapped for some $12 billion in advances in,.. Read More;

post

Not all deposits at other banks are guaranteed, Yellen tells Congress

National Mortgage
Mortgage Finance
3 years ago

WASHINGTON — Treasury Secretary Janet Yellen, in her first public remarks since the stunning intervention by financial regulators Sunday evening,.. Read More;

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What's behind home lending's slow uptake of family-friendly policies?

National Mortgage
Mortgage Finance
3 years ago

While many mortgage industry companies have made their policies more family-friendly, current and former employees in the field say that,.. Read More;

post

LoanDepot cut more than half of its employees in 2022

National Mortgage
Mortgage Finance
3 years ago

LoanDepot shed more than half of its employees in 2022, an earnings report filed with the Securities and Exchange Commission,.. Read More;

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