Blend cuts nearly 30% of workforce in blistering 4th round of layoffs

Blend also announced the resignations of President Timothy Mayopoulos, Head of Finance Marc Greenberg and Head of Legal Crystal Summer amid a round of cuts impacting about 340 workers. Continue reading

Defy Mortgage launches as new player in non-QM lending

Nashville, Tennessee-based lender to serve entrepreneurs and gig workers nationwide is accepting alternative forms of income and assets including cryptocurrency. Continue reading

Cordless Media ads on MLSs will provide real-time mortgage rates

Ad marketplace is the first to implement Optimal Blue’s new lead-quoting application programming interface, allowing ads to display rates from multiple lenders. Continue reading

Homebuyer sentiment ticks up again on signs of market top

More consumers are coming around to economists’ views that home prices and mortgage rates probably peaked last year, according to a monthly survey by Fannie Mae. Continue reading

DFCU Financial to offer mortgages to buyers on Florida’s Gulf Coast

The Michigan-based credit union expands into Florida by closing a merger with Tampa-based First Citrus Bank. Full product and service integration is expected by mid-2023. Continue reading

CIBM Bank out to double mortgage originations with new hires

The Illinois-based bank is adding 30 new mortgage loan officers and expanding into Arizona, Connecticut, Florida, Massachusetts, New York and Rhode Island. Continue reading

Cornerstone Home Lending gives sales teams national scope

The merger with Roscoe State Bank means the Houston-based company’s loan officers are now federal mortgage loan originators who can make loans in 37 states. Continue reading

After banner year, mortgage brokers seek more political clout

A trade group representing mortgage brokers launched a political action committee and more than doubled its spending on lobbying in 2022. Continue reading

Mortgage finance veteran Nick Smith joins Voxtur’s board

The mortgage data analytics provider that is pioneering attorney title opinion letters had previously expanded digital asset capabilities with a $101 million Blue Water acquisition. Continue reading