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Credit Score Switch Proving Difficult Absent Agency Guidance

Panelists at MBA's annual event agree GSEs have neglected to facilitate mandatory adoption of new credit scoring models, set to take effect in the fourth quarter of 2025.

Oct 29, 2024
Annaly Capital Announces Third-Quarter Earnings

The country's largest issuer of Non-QM RMBS announced roughly $82 million in net income after $8.8 million in net income losses in the second quarter.

Oct 28, 2024
DOJ Sues Rocket Mortgage, Appraisal Companies

Rocket Mortgage called the suit a "massive overreach"

Oct 22, 2024
Mortgage Lenders Have Work To Do When It Comes To Customer Service, Survey Says

The American Customer Satisfaction Index reported mortgage lenders rank in the bottom nine among ACSI-measured industries.

Oct 15, 2024
UWM's Motion To Dismiss RICO Class Action Denied As Moot

Plaintiffs' late August filing of an amended complaint means UWM must file a new motion to dismiss if it wishes to proceed with having the case thrown out.

Oct 11, 2024
Michigan Mortgage Moguls Make The Forbes 400 List

Dan Gilbert and Mat Ishbia were numbers 27 and 65 on Forbes' list, respectively.

Oct 11, 2024