Luminate Bank acquires select assets of First State Mortgage Services
Luminate adds volume and a larger Midwest presence
Mortgage
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Better places co-founder Nicholas Calamari on administrative leave
Calamari, a co-founder and long-tenured executive, has been with Better since 2014
Better sues Vishal Garg over alleged securities violations
Better sues former CEO as battle for control intensifies
Social Security’s COLA increase in 2027 could be its largest in 4 years
The Social Security Administration is scheduled to announce the official 2027 COLA Oct. 14
CHLA wants IMBs to be eligible for FHLBank membership
Group warns against expanded mortgage purchases while urging modernized membership and annual lending reviews
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.
Acrisure Mortgage names Todd Boss president
Acrisure Mortgage announced Thursday that it has appointed Todd Boss as president, succeeding Joe Nunziata, who was recently promoted to president of Acrisure Real Estate Services.
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.
Newrez agrees to $15.5M settlement over forced-place insurance
Regulators in 46 states and DC reached a $15.5M settlement with Newrez over lender-placed insurance charges and refunds.
Small businesses shun retirement plans over cost, complexity fears
Only about half of U.S. private-sector workers participate in an employer-sponsored retirement plan at any given time — a gap driven almost entirely by small employers, according to new research from the Center for Retirement Research at Boston College.