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Silver Hill Funding's 'Seamless' Merger Included 4 Rounds Of Layoffs

Has cut staff from about 80 to about 20 employees since merger with Lakeview Loan Servicing.

Wholesale
Mortgage Applications Rise For 3rd Straight Week

MBA economist says homebuying activity remains 'tepid.'

Analysis and Data
Former Rocket Mortgage Exec Named CEO of QC Ally

Formerly the chief marketing officer, Nicole Booth steps up to lead the company.

Tech
Jan 24, 2023
the interest
Is The Market Ready To Turn A Corner?

David Luna looks at the market and tells us if he thinks things are ripe for a turnaround.

Jan 24, 2023
NMP's The Principal
DBRS Morningstar Rates Velocity Commercial Capital Loan Trust 2023-1

VCC 2023-1 is backed by 695 mortgage loans with a total principal balance of $240,308,194.

Investor Loans
Non-QM
Survey: 46% Of U.S. Adults Say We’re In A Recession

Morning Consult finds many Americans want to take actions to prepare for a recession, but can't.

Analysis and Data
Former Live Well CEO To Be Sentenced In $200M Bond Fraud

Prosecutors didn't seek maximum sentence, while defendant seeks probation.

Courts
MBA: Rate Of Mortgages In Forbearance May Have Hit Bottom

Forbearance rate has been flat for 3 months, a sign 'we may have reached a floor on further improvements.'

Analysis and Data
First Option Mortgage Opens 3 New Branches

Atlanta-based lender adds branches in Florida & Texas, opens first location in S.C.

Operations