Housing Wire
NOVEMBER 16, 2023
Nonbank originator Change Lending and the U.S. Department of the Treasury have agreed to settle a lawsuit in which the lender claims “flawed analysis and mathematical errors” led to its decertification as a Community Development Financial Institution (CDFI).
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. Department of Treasury that would keep the firm certified as a Community Development Financial Institution (CDFI).
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Housing Wire
MAY 15, 2024
The plan makes four key recommendations, one of which is the development of a new liquidity facility for Ginnie Mae issuers that would “facilitate servicer advances/pool buyouts,” the plan explained. This undermines Ginnie Mae’s ability to run a market-driven program.” This recommendation is based on two other ideas.
Housing Wire
APRIL 25, 2024
The reverse lending industry’s most prominent attendee — Kristen Sieffert of Finance of America Companies (FOA), parent company of industry-leading lender Finance of America Reverse (FAR) — offered insights into various topics about the reverse mortgage product category. This year, it’s ‘prevail,’” she said.
Housing Wire
FEBRUARY 23, 2024
Ginnie Mae accordingly implored TCB to lend money to RMF. But TCB was hesitant to lend money to a bankrupt company. A magistrate judge overseeing the case has set a series of pretrial deadlines that extend into 2025.
Housing Wire
SEPTEMBER 14, 2023
According to the company, Hanson will be responsible for “developing new revenue-generating opportunities, including national referral relationships and acquisitions.” Industry veteran Dan Hanson joined loanDepot in 2011 and, in January 2017, became the company’s chief retail production officer, a job position he held for six years.
Housing Wire
APRIL 5, 2023
Two of the board members who have terms expiring in 2023 – Andrew Dodson, managing partner at Parthenon Capital , and Pamela Hughes Patenaude, a housing policy expert who once served as a deputy secretary of the Department of Housing and Urban Development – will also be nominated this year to a three-year term. million into a $475.8
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