David Krechevsky

Says its housing affordability index is at an historically low level.

Announces plan after acquiring Cherry Creek Mortgage, a top 10 HECM lender.

Provider of AI underwiting platform for mortgages did not say how may jobs were affected.

Reports $163.7M loss for the full year.

Rates climb closer to 7%; reach level not seen since November.

Says drastic changes, including winding down its TPO channel, are intended to help it 'navigate current market conditions.'

Perry Hilzendeger is a former exec with Homepoint and Wells Fargo.

Also reported a net loss of $610.4M for all of 2022; ousted founder in proxy fight says board needs 'a fresh perspective'

Servis One, dba BSI Financial, failed to offer homeowners mortgage relief during the pandemic.

Overall activity fell 15% from January, and is down 54% from a year earlier.