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Coming Up:
PennyMac’s Chief Investment Officer Resigns
Vandy Fartaj stepping down to be replaced by company vet William Chang
FTC Moves To Block Black Knight, ICE Merger
Says it 'would drive up costs, reduce innovation, and reduce lenders’ choices.'
Homepoint Parent Posts 2nd Straight Quarterly Loss
Reports $163.7M loss for the full year.
Mortgage Rates Rise For 5th Straight Week
Rates climb closer to 7%; reach level not seen since November.
Mortgage Broker Charged With Tax Fraud By DOJ
Filing claims Michigan broker diverted $1.6M in proceeds.
Impac Mortgage Goes Broker
Says drastic changes, including winding down its TPO channel, are intended to help it 'navigate current market conditions.'
Sagent Names Industry Vet As EVP Of Servicing
Perry Hilzendeger is a former exec with Homepoint and Wells Fargo.
Despite Cuts, loanDepot Posts 3rd Straight Quarterly Loss
Also reported a net loss of $610.4M for all of 2022; ousted founder in proxy fight says board needs 'a fresh perspective'
Silvergate Capital Shutting Down
Cryptocurrency lender halted its warehouse mortgage operation 2 months ago.