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loanDepot Withdraws $225M from Signature Bank

Still locked into a $300M mortgage servicing rights contract.

Regulation and Compliance
Redfin Reports Mortgage Demand Ticks Up As Rates Drop

Amidst banking turmoil, busiest day for rate locks recorded in 2023.

Analysis and Data
Impac Mortgage Reports Losses For 4Q, 2022 Overall

Losses continue for second straight year; employee count drops 37%.

Operations
Analysis and Data
California Home Sales Perk Up For 3rd Straight Month

Median home price retreats for the sixth straight month.

Analysis and Data
Mar 16, 2023
The Interest
Stop Asian Hate

Anti-Asian sentiment has seeped into the mortgage industry, now affecting home valuations

Mar 16, 2023
NMP's Gated Communities
Sterling Bancorp Inc. To Plead Guilty to $69M Securities Fraud

DOJ says bank’s residential mortgages were ‘rife with fraud.’

Regulation and Compliance
Housing Starts Healthier Than Expected

Increase comes in at 9.8% over January; still down year over year.

Analysis and Data
Fannie Mae Names Industry Veteran to Board of Directors

Michael Seelig Worked At PricewaterhouseCoopers Until His Retirement in 2022

People On The Move