Maria Volkova is a technology reporter at National Mortgage News. She previously worked at HousingWire where she covered housing agencies, with a focus on the Department of Housing and Urban Development and the Department of Veterans Affairs. Prior to that, Maria wrote the FHA/VA newsletter at Inside Mortgage Finance. She graduated from the University of Maryland and currently resides in Chevy Chase, MD.
Over 70 loans were allegedly sent to competitors by the independent mortgage banker, a suit filed by UWM alleges.
16.6 million former and current Loandepot customers had their data leaked, the lender and servicer announced Monday.
Low refinance volume creates a "relative disadvantage" for Rocket, which historically had a much larger share of that market versus purchase, a note by Bose George, analyst at Keefe, Bruyette & Woods, said.
A Connecticut-based couple sued the bank and Cavanaugh Appraisals, LLC for denying them a refinance in 2021 because of racial bias.
Lenders reported a net loss of $534 on each loan they originated in the last quarter, an improvement from the $1,972 loss per loan the quarter prior.
The delivery of immediate cash value to WMC stockholders was one of two points that solidified the deal.
The agency's president, Alanna McCargo, called the nonbank liquidity issue "the biggest of our time," while speaking at the Bipartisan Policy Center Tuesday.
Churchill Funding is accusing Easy Financial of reneging on a master purchase agreement both companies signed in 2020.
The watchdog claims that during internal testing, the company illegally processed $2.3 billion in mortgage payments.
During her opening remarks before lawmakers Tuesday, the head of the Federal Housing Finance Agency reiterated that borrowers with strong credit profiles are not being penalized to benefit those with poorer scores.