Author Archives: Matt Carter

Ocwen agrees to settle decade-long suit over BPO, valuation fees

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Up to 330,377 homeowners from whom Ocwen collected mortgage payments could be eligible to claim refunds of $60 per broker price opinion and $70 per hybrid valuation Continue reading →

Top New Jersey loan mortgage originator charged with fraud

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Mortgage fraud scheme allegedly listed investors as homeowners to secure lower interest rates, prosecutors allege in criminal complaint against “Team Gallo” leader and his assistant. Continue reading →

Fed’s ‘higher for longer’ gambit may yet cool home price gains

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Fannie Mae and MBA economists are now in agreement that mortgage rates will come down only gradually this year and next but that home price appreciation will slow. Continue reading →

Maxwell’s AI tool probes inner workings of mortgage lending

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Mortgage lenders using AskMax no longer need to be database engineers. They can ask for — and receive — business intelligence in plain English. Continue reading →

UHM revamps leadership team to support growing national footprint

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Ohio-based Union Home Mortgage boosted its market share by acquiring Amerifirst Home Mortgage. Now it’s got a new divisional leadership structure to support its “rapidly expanding, nationwide footprint.” Continue reading →

Lamacchia: ‘Nothing’s changed’ about mortgage commission rules

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Anthony Lamacchia thinks some agents are reading too much into guidance issued by mortgage giants Fannie Mae and Freddie Mac confirming sellers can continue to pay buyer’s agents’ commissions. Continue reading →

Digital insurance marketplace Matic grows mortgage clientele

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With new clients including USA Mortgage and New American Funding, Matic says it’s doing business with more 100 mortgage lenders and servicers that together process 20 percent of U.S. home loans. Continue reading →

Big Florida real estate brokerage is selling its mortgage division

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First Federal Bank continues expansion of its nationwide mortgage lending operations with deal to acquire Watson Mortgage Corp. and investments in digital solutions. Continue reading →

Industry gets some clarity on mortgage commission rules

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Fannie, Freddie and FHA say sellers can continue to pay the buyer’s agent’s commission. But it remains to be seen if buyers will be allowed to finance their agent’s commission into their mortgage. Continue reading →