What will servicing look like in 2022?

The number of homeowners still in forbearance plans has been declining as foreclosure moratoriums expire. HousingWire recently spoke with Joe Davila, president and CEO of Selene Finance, about how servicers can best help homeowners with next steps as they exit forbearance plans. HousingWire: More than … Continue readingWhat will servicing look like in 2022?

Supreme Court orders review of recession-era class action against Rocket

The Supreme Court weighed in on a class action lawsuit against Quicken Loans, now Rocket Mortgage, regarding its appraisal practices during the financial crisis, delivering a procedural win for the mortgage lender. On Monday, the Supreme Court remanded the class action to the United States … Continue readingSupreme Court orders review of recession-era class action against Rocket

CoreLogic leadership change: CEO Frank Martell resigns

It’s a new year, but CoreLogic is still undergoing big changes, the latest a resignation of its CEO, Frank Martell. The Irvine, California-based housing data company announced Wednesday that Pat Dodd — a onetime executive at television ratings giant Nielson — will ascend from his … Continue readingCoreLogic leadership change: CEO Frank Martell resigns

Guaranteed Rate closes Stearns wholesale channel

Chicago-based Guaranteed Rate will discontinue its third-party wholesale channel, Stearns Wholesale Lending, just one year after it acquired the multichannel lender. “Guaranteed Rate will continue to thrive and win market share by having a laser focus on leveraging our industry-leading purchase platform augmented by the … Continue readingGuaranteed Rate closes Stearns wholesale channel

FHFA’s loan-fee bump buoys PLS market

The Federal Housing Finance Agency’s announcement last week that it will hike upfront fees for high-balance and second-home loans effective April 1 will provide a boost for the private-label securities market, according to executives at one of the leading sponsors of private-label securities. In fact, FHFA’s … Continue readingFHFA’s loan-fee bump buoys PLS market

First American to acquire Mother Lode Holding Company

First American Financial Corporation, the second largest of the “Big Four” title insurers, announced plans to acquire Mother Lode Holding Company and its subsidiaries on Wednesday. The financial terms of the deal were not disclosed, and the closing of the transaction is subject to regulatory … Continue readingFirst American to acquire Mother Lode Holding Company

What Pennymac TPO’s rebrand means for the wholesale channel

The mortgage industry is coming out of back-to-back amazing years, and while 2022 still holds great opportunity for the industry, it also signals a pivot point for market participants. In recognition of the transitions ahead, Pennymac is making changes to ensure that 2022 forms the … Continue readingWhat Pennymac TPO’s rebrand means for the wholesale channel