eXp ends mortgage JV with Kind Lending, eyes Newrez deal
Success Lending will wind down as eXp targets launch with Newrez
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FHA expected to keep Classic FICO as it adds new models in January
Lenders expect model consistency will be required at the loan level
As Kortas and Casa make peace, AIME is back in the mix
NEXA says it will cover AIME memberships for about 4,100 loan officers as Casa seeks a role as membership director
loanDepot receives NYSE notice over sub-$1 share price
NYSE gives the nonbank lender six months to lift its share price
TWO wins final regulatory approval for CCM deal
TWO shareholders to receive $12 per share in cash plus stub dividend
Fannie Mae reportedly cuts senior executives across business lines
Several officials were notified Wednesday that their positions had been eliminated, WSJ reported
Better founder Vishal Garg lines up voting majority to retake control
Better founder Vishal Garg says he has majority voting support, proposes board resignations and a $30 million buyback.
Brokers say it’s ‘business as usual’ with UWM despite loss, capital raise
Mortgage brokers working with United Wholesale Mortgage (UWM) say it remains “business as usual” following the lender’s second-quarter loss and a multibillion-dollar capital raise, with no noticeable impact so far on day-to-day loan production.
Mortgage insurers face larger safety net rule for VantageScore 4.0
Mortgage insurers will be required to keep a larger safety net for mortgages originated using VantageScore 4.0 than for comparable loans using Classic FICO, according to new guidance from the government-sponsored enterprises.
Rocket weathers spring housing slowdown, gaining purchase and refi share in Q2
Rocket Companies reported high second-quarter earnings on Thursday, driven by increased mortgage origination volume, servicing income and record market share gains in both purchase and refinance lending, even as the broader housing market remained challenging.