First American Financial Hits The Mother Lode
Completing acquisition of Mother Lode Holding Co. expands First American’s footprint in 11 states.
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David Krechevsky
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David Krechevsky was an editor at NMP.
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Fannie Mae’s 1Q Earnings Fall; Officials Fear ‘Modest Recession’
Reported net income of $4.4 billion in the first quarter, down 15% from fourth quarter of 2022 and down 12% from first quarter of last year.
May 03, 2022
10,000 NAHB Members Sign Letter To Biden Seeking Housing Market Help
The letter cites rapidly rising interest rates, rising home prices and rents, and the rising cost of lumber and building materials for significantly decreasing housing affordability.
UWM’s Ishbia Criticizes Rocket For Job Cuts
Fires at Rocket in LinkedIn post calling staff reductions ‘disgusting.’
May 02, 2022
KBRA Assigns Preliminary Ratings To Non-QM Offering
OBX 2022-NQM4 Trust is a $457.3 million non-prime residential mortgage-backed securities transaction.
May 02, 2022
Black Knight: Home Affordability Nearing All-Time Low
Spiking interest rates & rising prices are sending borrowers to ARMs
May 02, 2022
Community First Bank Selling Mortgage Subsidiary to Primis Bank
Primis will acquire 100% of SeaTrust Mortgage Co. stock in an all-cash transaction.
Apr 29, 2022
Mr. Cooper’s 1Q Earnings Soar 325%, But Firm Also Cut 250 Jobs
Dramatic increase in earnings a result of deal with Sagent
Apr 29, 2022
Union Home Mortgage Confirms Staff Reductions
Mortgage brokerage did not release the number of jobs eliminated.
Apr 28, 2022
New York Community Bancorp, Flagstar Bancorp Delay Merger To October
Companies amend the merger agreement to provide that the combined company's banking operations will operate under a national bank charter.
Apr 28, 2022