Industry News
Coming Up:
loanDepot's Losses Mount, Despite Optimisim
Net losses for the fourth quarter totaled $59.8 million – a 43% jump from the third quarter “primarily due to revenues decreasing more than the decrease in expenses.”
Blake Bianchi - The Futurist
In less than 10 years today’s guest went from high end retail to high tech mortgages.
CFPB, HUD Risk Litigation Over Fair Lending Enforcement
Listen to the Mortgage Banker Magazine March 2024 cover story.
HUD Secretary Steps Down
HUD Secretary Marcia Fudge to depart the Biden administration by the end of the month.
CFPB Cracks Down On 'Junk Fees' In Mortgage Industry
Regulators intensify crackdown on undisclosed fees, prompting industry backlash; CFPB asserts fees violate consumer protection laws, while Mortgage Bankers Association criticizes lack of understanding in agency's approach.
Wholesale Channel Sees Significant Growth, Reflecting Shifting Trends in Mortgage Sector
UWM attributes the surge in the wholesale channel's growth to increased consumer confidence in independent mortgage brokers, citing significant cost savings and expanded lender options for borrowers.
Controversy Erupts Over Biden Administration's Title Insurance Waiver
Critics question pilot program's efficacy amidst industry shifts towards alternative solutions.
‘She-Cession’ Can’t Slow Homeownership Surge Among Single Women
Single women still outnumber single men when it comes to homeownership.