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More Wells layoffs, LoanDepot cuts, Better's SEC probe and more mortgage news you may have missed

National Mortgage
Mortgage Finance
3 years ago

Also: LendingTree denies it’s the source of a data breach affecting 200,000,.. Read More;

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More Wells Fargo mortgage layoffs are likely, executives say

National Mortgage
Mortgage Finance
3 years ago

Layoffs in Wells Fargo’s mortgage division will likely continue over the next few months as rising interest rates erode the,.. Read More;

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Housing permits down, sale inventory up in reversal from early 2022

National Mortgage
Mortgage Finance
3 years ago

While single-family permit issuance ran ahead of last year’s pace in the first quarter, it is now coming in below,.. Read More;

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Margins shrink more than expected at large banks

National Mortgage
Mortgage Finance
3 years ago

Gain on sale margins at four large banks saw a steep drop from the first quarter to the second, surpassing,.. Read More;

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LoanDepot slams CrossCountry in poaching suit

National Mortgage
Mortgage Finance
3 years ago

LoanDepot is suing CrossCountry Mortgage for raiding its New York workforce, slamming the lender for its alleged history of poaching,.. Read More;

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FHA promises updates to its renovation programs

National Mortgage
Mortgage Finance
3 years ago

As part of its plans to address the housing shortage, the Federal Housing Administration is planning to revamp its Section,.. Read More;

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Wells Fargo misses estimates on mortgages, reserves

National Mortgage
Mortgage Finance
3 years ago

Wells Fargo missed analysts’ earnings estimates as home lending slowed and the bank set aside more than expected for potentially,.. Read More;

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Blog: Measures introduced will improve PII processes

Mortgage Finance Gazette
Mortgage Finance
3 years ago

Insurers, under pressure to improve profitability, are concerned about a potential increase in claims arising out of issues caused by,.. Read More;

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Assetz Capital appoints Charnley to new MD post

Mortgage Finance Gazette
Mortgage Finance
3 years ago

The peer-to-peer lender says Charnley has spent 28 years working in commercial lending across various asset classes and has undertaken,.. Read More;

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Loan growth at First Republic is robust. Can deposits keep pace?

National Mortgage
Mortgage Finance
3 years ago

First Republic Bank is facing questions about whether deposits, which offer a low-cost way to fund its flagship mortgage business,,.. Read More;

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Better.com discloses another massive loss, new SEC probe

National Mortgage
Mortgage Finance
3 years ago

Better.com posted a net loss of $327.7 million in the first quarter and cut approximately 72% of its workforce over,.. Read More;

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CFPB creates oversight office to deal with congressional requests

National Mortgage
Mortgage Finance
3 years ago

An onslaught of inquiries expected from Republican lawmakers next year has prompted Consumer Financial Protection Bureau Director Rohit Chopra to,.. Read More;

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