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Kind Lending hires Tammy Richards as COO

Housing Wire

Mortgage lender Kind Lending has hired Tammy Richards , who previously held positions at Bank of America , Caliber Home Loans and loanDepot , as its chief operating officer. Tammy is stepping in with Kind Lending to handle some of their strategic initiatives and she is partnering with them to help grow their vision.

Lending 277
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Trade groups express concern to FHFA over historic credit data

Housing Wire

A coalition of trade organizations — including the American Bankers Association (ABA), the Housing Policy Council (HPC), the Independent Community Bankers of America (ICBA), the Mortgage Bankers Association (MBA) and U.S. historical dataset. “We FHFA was comfortable approving VantageScore 4.0

Legal 343
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PrimeLending taps Kim Dybvad to rebuild Mid-America division after poaching

Housing Wire

Dybvad, who joined the company in 2013 and is now a vice president, will be responsible for loan origination production in the Ohio, Indiana, Illinois, Michigan, Wisconsin and Kentucky markets. Last month, PrimeLending sued competitor First Community Mortgage, Inc. for allegedly poaching about 100 of its Mid-America employees.

Legal 288
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Fix-and-flip lender Kiavi lays off 7% of employees

Housing Wire

Cuts also hit operations, risk and compliance, legal, finance, business operations and marketing teams, according to a presentation held on Wednesday afternoon. . Kiavi, founded in 2013 and led by CEO Michael Bourque, expanded to three states in June and now operates in 32 states and Washington, D.C. .

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The housing industry’s disparate impact hopes

Housing Wire

Mortgage industry groups on Tuesday made their voices heard in response to the Department of Housing and Urban Development ’s proposed reinstatement of its 2013 disparate impact rule. But the mortgage industry and HUD don’t see eye-to-eye on how that decision should be taken into account.

Legal 352
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CFPB names familiar faces as its chief enforcers

Housing Wire

The Consumer Financial Protection Bureau (CFPB) has appointed two veteran regulators to lead enforcement and supervision, the latest indication that Director Rohit Chopra will heavily prioritize fair lending and racial equity issues. a legal defense nonprofit. He also had a stint as director at the Center for Responsible Lending.

Lending 322
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Opinion: When it comes to default and REO, what you don’t know will hurt you

Housing Wire

Even though mortgage origination volumes are down, we’re experiencing a highly competitive purchase market. From 2007 through mid-2013, approximately 5.5 The mortgage lending industry exists to make home loans, not to repossess them. What’s really changed since 2013? Nor should it be. The bottom line?

Legal 408