FHFA acting Inspector General John “Joe” Allen is set to be fired, Reuters reports, and the position is now vacant as the mortgage giants move toward a public offering. Continue reading
The Denver-based developer of lending platform aimed at credit unions and independent mortgage banks serves consumer direct, wholesale, correspondent and distributed retail mortgage lenders. Continue reading
The agreement comes on heels of Lower’s acquisitions of Neat Labs and Movoto — and takes place as mortgage lenders look to real estate brokerages to win more homebuyers. Continue reading
Since returning in July as CEO of the company he founded, Anthony Hsieh has cleaned house, hiring or promoting 10 executives who can help take loanDepot “back to our roots.” Continue reading
Doug Lebda founded LendingTree in 1996 to simplify consumers’ mortgage loan search. He led the company through several busts and booms, growing its market value to more than $750 million. Continue reading
The Trump administration is using its tight control over the mortgage giants to continue a vendetta against New York attorney general and other political opponents, critics say. Continue reading
Lending industry groups and FHFA director Bill Pulte welcomed Fair Isaac’s new direct license pricing as a useful first step, but said more reforms and competition are needed. Continue reading
Rocket Companies has closed its acquisition of Mr. Cooper for $14.2 billion, according to an announcement on Wednesday morning. The final acquisition price is 51 percent higher than the $9.4 billion price tag announced in March, due to Mr. Cooper’s rec… Continue reading
The cash offer pioneer is pivoting to a national rollout of its “Buy Before You Sell” bridge financing program. Continue reading
EMJ Capital’s founder posted a thesis on X that Better Home & Finance is “the Shopify of mortgages” with the potential for AI to boost capacity and fuel explosive growth. Continue reading