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JPMorgan Chase makes cuts to its home lending division

National Mortgage
Mortgage Finance
3 years ago

JP Morgan Chase shed hundreds of employees in its home lending division Wednesday. The company would not confirm the exact number,,.. Read More;

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CFPB warns mortgage shopping sites on RESPA violations

National Mortgage
Mortgage Finance
3 years ago

Digital mortgage shopping platforms could be violating the Real Estate Settlement Procedures Act's anti-kickback rules if they provide more prominent,.. Read More;

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Lawsuit says Wells Fargo failed to investigate rape allegation promptly

National Mortgage
Mortgage Finance
3 years ago

Wells Fargo is facing scrutiny over its response to the reporting of an alleged rape by one of its employees.,.. Read More;

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Fed's Cook eyes more hikes to reach 2% inflation target

National Mortgage
Mortgage Finance
3 years ago

WASHINGTON — More interest rate increases are likely needed for inflation to return to 2%, Federal Reserve Governor Lisa Cook,.. Read More;

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Rithm Capital predicts return of originations profits in early 2023

National Mortgage
Mortgage Finance
3 years ago

Servicing income led Rithm Capital's mortgage operations to a profit amid the ongoing industry slowdown, but company leaders predicted originations,.. Read More;

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Guild buys Legacy Mortgage to strengthen its foothold in the Southwest

National Mortgage
Mortgage Finance
3 years ago

Guild has purchased Legacy Mortgage, a small residential lender and servicer, in line with its goal to build market share,.. Read More;

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LoanDepot's Hsieh exits day-to-day role due to proxy fight

National Mortgage
Mortgage Finance
3 years ago

As a result of a proxy battle with his own board of directors, Anthony Hsieh stepped down as executive chairman,.. Read More;

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Mortgage activity increases again after January slide

National Mortgage
Mortgage Finance
3 years ago

Home lending activity reversed course last week, while purchase amounts maintained their steady growth to start 2023, according to the,.. Read More;

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Homepoint conducts layoffs

National Mortgage
Mortgage Finance
3 years ago

Homepoint had a layoff round last Friday impacting dozens of employees, though some estimate that the rightsizing measure may have,.. Read More;

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Mortgage bankers ask FHFA for relief from May fee changes

National Mortgage
Mortgage Finance
3 years ago

The Mortgage Bankers Association has formally asked the Federal Housing Finance Agency for help with operational challenges that it says,.. Read More;

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Rocket unveils "Bully Shield" in UWM broker war

National Mortgage
Mortgage Finance
3 years ago

Rocket Pro TPO is unveiling a "Bully Shield" to protect mortgage brokers breaking ultimatum agreements with United Wholesale Mortgage, in,.. Read More;

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Push for remote loan originations gets a boost in 2023 legislation

National Mortgage
Mortgage Finance
3 years ago

New legislation introduced so far this year could soon increase the number of states that officially permit licensed nonbank mortgage,.. Read More;

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