Housing Wire
NOVEMBER 16, 2023
Nonbank originator Change Lending and the U.S. The parties announced on Thursday that Change will remain a certified CDFI until the lender’s next application related to the fiscal year 2025 is determined. But at least 60% of a lender’s financing must target these borrowers.
Housing Wire
APRIL 20, 2023
Denver-based brokerage franchise Motto Mortgage , owned by RE/MAX , has accused broker shop UMortgage of “tortious interference” in its contract with a former franchisee called TRB Solutions, whose controlling member was Breon Price, the top-producing loan officer. According to a lawsuit filed in March in a U.S
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Housing Wire
NOVEMBER 3, 2023
Non-bank originator Change Lending will continue to originate non-qualified mortgages ( non-QMs ) for underserved borrowers after it reached a tentative deal with the U.S. Change is now in good standing with the CDFI Fund and its next planned certification review is not until 2025, the originator said.
Housing Wire
FEBRUARY 23, 2024
Alleged promises by Ginnie Mae That contention, however, does “nothing to undermine TCB’s claim that Ginnie Mae lacked statutory authority to extinguish TCB’s interest in its collateral, which was not only separate from the servicing rights but also subject to no contract between TCB and Ginnie Mae,” the filing reads.
Housing Wire
MAY 15, 2024
While Ginnie Mae did get a higher appropriation from Congress in the most recent legislation governing its budget authority, CHLA said that increasing the budget from $54 million to $67 million for fiscal year 2025 would help meet four key objectives.
Housing Wire
JUNE 13, 2023
Regarding EPM’s strategy in the wholesale space, Kevin DeLory, chief lending officer, said it is not chasing borrowers with specific credit scores or being aggressive in pricing. EPM filed a counterclaim against JIM for breaching the sponsorship contract by changing the car’s driver starting May 2022.
Housing Wire
NOVEMBER 1, 2023
I was speaking to someone the other day who said, ‘If you’re in this business [mortgage lending], I can’t see a downside to a recession.’” We could be down to 60,000 to 70,000 originators by 2025.” ” He added that the hope is we see some improvement in the spring or summer, “but it’s anyone’s guess.” “I
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