Industry News
Coming Up:
Planet Home Lending Acquiring Homepoint Assets
Homepoint generated $20.7 billion in delegated correspondent volume in 2021, making it the 13th largest correspondent lender.
Real Estate Brokers Group Wants $10B For Down Payment Aid
Request comes as FHFA releases long-awaited Underserved Markets Plan for 2022-2024
Community First Bank Selling Mortgage Subsidiary to Primis Bank
Primis will acquire 100% of SeaTrust Mortgage Co. stock in an all-cash transaction.
Mr. Cooper’s 1Q Earnings Soar 325%, But Firm Also Cut 250 JobsÂ
Dramatic increase in earnings a result of deal with Sagent
Union Home Mortgage Confirms Staff Reductions
Mortgage brokerage did not release the number of jobs eliminated.
Battle Brews Over Big Bucks Landlords
Heat building on Wall Street single-family home investors, and on Fannie Mae and Freddie Mac for investors in general
NMP
CrossCountry Mortgage To Acquire LendUS
CrossCountry confirms deal; terms not disclosed.
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.
CFPB: Forbearance Programs Worked
A significant number of homeowners have transitioned out of forbearances over the last year
Mortgage Banker
Freddie Mac Earnings Up 37% In 1Q 2022
New business activity, however, was down 43% YOY as refinance activity moderated.