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Coming Up:
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'

Analysis and Data
Silvergate Capital Shutting Down

Cryptocurrency lender halted its warehouse mortgage operation 2 months ago.

Wholesale
Tech
N.Y. Attorney General Recovers $350K From Mortgage Servicer

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

Regulation and Compliance
FHA OKs Modifying Mortgages To 40-Year Terms

Can now extend the term from 360 months to 480 months.

FHA
Regulation and Compliance
Mar 08, 2023
the interest
Mortgage Rate Lock Volume Fell in February

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

Analysis and Data
Foreclosures In February: Down Monthly, Up Annually

Overall activity fell 3% from January 2023; completions up 45% YOY

Analysis and Data
Cenlar Appoints New VP Of Loan Operations, Escrow

Michelle DeHart held similar position at Home Point Financial.

People On The Move
Let's Make A Deal, Bro

Why Homebridge’s CEO sold his retail division to CMG Mortgage

Operations
After 3 Weeks of Declines, Mortgage Applications Rise

Both refis and purchase loans rose; MBA also revises data for previous seven weeks.

Analysis and Data