Housing Wire

NOVEMBER 23, 2022

In total, Home Point has shrunk its workforce from about 4,000 workers in the summer of 2021 to about 1,000 in the fall of 2022. Illinois-based Interfirst Mortgage , legally known as Chicago Mortgage Solutions LLC , issued pink slips to employees this month amid forecasts that housing sales are expected to slump even more next year than 2022.

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Marketing Loan Officers Business Mortgage 380

Housing Wire

JUNE 29, 2023

The poaching lawsuit, filed on June 22 at a federal district court in Delaware, states that South Carolina-based Movement recruited and hired its employees in late 2021 and early 2022 to take trade secrets and confidential information. That’s not the Orange County, California-based lender’s only poaching legal battle.

Retail 411

Retail Contracts Legal Business 411

Housing Wire

FEBRUARY 5, 2024

Seely joined Guild in 2021 when the California-based lender paid $196.7 RMS had 70 offices in 14 states, 850 employees, and 250 loan officers. billion in mortgage loans. Following the M&A transaction , Seely signed a five-year employment agreement with Guild in May 2021. In 2020, it originated $8.5

Retail 414

Retail Contracts Loan Officers Mortgage 414

Housing Wire

FEBRUARY 4, 2022

United Wholesale Mortgage (UWM) is making good on its threat to take legal action against partnering broker shops that also send business to Rocket Mortgage and Fairway Independent Mortgage , a violation of the wholesaler’s controversial broker agreement. million for repeatedly violating the terms of the agreement.

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Legal Contracts Business Mortgage 370

Housing Wire

APRIL 23, 2024

Chamber of Commerce has vowed to take legal action against the FTC, according to a statement calling the ban “an unlawful power grab.” The rule follows through on an Executive Order issued by President Joe Biden in the summer of 2021, who directed the FTC to ban or limit such agreements in the U.S. labor force.

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Real Estate Agent Loan Officers Lending Real Estate 435

Housing Wire

AUGUST 31, 2022

Based on our read of 2021 Home Mortgage Disclosure Act (HMDA) data, we estimate that total originations volume last year was $4.4 The first category is real estate credit, which covers most establishments focused on lending with real estate as collateral. By comparison, we are forecasting total volume of about $2.3

Lending 383

Lending Mortgage Real Estate Loan Officers 383

Appraisal Today

MAY 10, 2024

VA’s Tidewater Initiative written in 2021 by McKissock (Similar idea as current ROV changes), effective in 2003. The mortgage loan officer handling the loan? There is administrative time involved, as well as legal factors. Appraisersblogs with Dave Towne’s opinions plus many appraiser comments. Was it the borrower?

Reconsideration of Value 71

Reconsideration of Value Appraisal Real Estate Insurance 71

Housing Wire

MARCH 29, 2022

The three agencies in charge of such reviews — the Federal Reserve , the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency — have not denied a single bank merger in 15 years. And HUD can bring lawsuits claiming bias in mortgage lending. The law also required banks to lend within their communities.

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Lending Government Law Mortgage 370

Housing Wire

APRIL 13, 2022

But that engine could stall if action isn’t taken to increase the supply of affordable housing and expand opportunities for lending to underserved families. Since 2016, legal immigration growth has declined by 40%. Since 2016, legal immigration growth has declined by 40%. Committing non-bank lending institutions.

Insurance 383

Insurance Construction Government Lending 383

PennyMac

AUGUST 10, 2022

Credit scores also affect other parts of your FHA loan eligibility, such as your debt-to-income (DTI) ratio, down payment minimums, interest rates and more. The better your score, the more flexibility there is with other requirements of the loan. Loan limits are established by the FHA and can vary by county. Mortgage Insurance.

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Insurance Buyers Mortgage Renovations 36

Housing Wire

FEBRUARY 7, 2022

A spokesperson for HUD said the agency could not discuss investigations or strategy of fair lending enforcement, but said that fair lending is a priority of the Biden-Harris Administration and HUD. In August, HUD Secretary Marcia Fudge signed an agreement with the Federal Housing Finance Agency to strengthen fair lending enforcement.

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Insurance Modernization Lending Mortgage 369