Industry News
Industry News
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Branch manager David Garofalo is accused of planning a ruse in which he and his colleagues joined AFC for two weeks to download $1,500 worth of credit reports and then left to start their own venture.
March 7 -
Reverse mortgage lender Finance of America posted a quarterly profit to end 2023, as it completed post-merger integrations and faced warnings of delisting from the New York Stock Exchange.
March 6 -
Argyle, which helps lenders verify income and employment data, completed a $30 million funding round led by a Rockefeller Capital Management innovation fund, bringing its funding since the firm's formation to more than $100 million.
March 6 -
The top five lenders have a combined retail home loan volume of more than $21 billion at the end of Q4 2023.
March 5 -
In conjunction with the announcement, Rithm also commenced a cash-tender offer to purchase up to $275 million worth of notes coming due in 2025.
March 5 -
Rocket shrunk its workforce by about 20% year-over-year, while Academy cut 250 employees prior to being acquired by Guild Mortgage.
March 4 -
A proposed class action claims the broker company used the photographs and information of LOs not affiliated with the company as a means to drive traffic to its website.
March 4 -
Employees transitioned after Premier's parent company, NTFN Inc. shuttered in December.
March 1 -
Dan Snyder, CEO and co-founder of Lower discusses the state of the mortgage industry in 2024 and his experience of running a home lending business in past and current market conditions.
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A mixed-race couple claims a "whitewashed" valuation in 2023 returned a price 39% higher than the depository-approved result a year earlier.
February 29