Mortgage Vendor Blend Institutes Layoffs April 19, 2022 Paul Muolo Blend: "The focus of the plan is on streamlining the company’s title operations as well as its general and administrative functions."Read More
Shut for Repairs: FHA's Loan Review System April 18, 2022 Monica Hogan FHA estimates access to the LRS will be restored by April 25...Read More
Mortgage Tech Firm Blend Posts Large Loss, Stock Gets Crushed April 1, 2022 Paul Muolo Chairman Ghamsari said, “As we navigate through this rapid mortgage industry reset, our priorities are to drive customer adoption of our expanding software solutions"...Read More
Lenders Weigh In on Blockchain. Block What? March 28, 2022 Dennis Hollier Only 31% of residential lenders believe mortgage companies will accept cryptocurrencies over the next three years...Read More
Mortgage Firms Put on Alert for Russian-Related Cyber Attacks March 14, 2022 Monica Hogan The Federal Reserve is in constant communications with financial institutions regarding cyberattacks...Read More
A Major Layoff in the Works at Better.com March 8, 2022 Among all originators, Better.com ranked 17th in 2021, according to Inside Mortgage Finance...Read More
Short Takes: Better.com’s New Hire / Check the Tape / Insider Buying is Good, Right? / CDFI Issues Second Non-QM Deal / A (Presidents) Day Off February 18, 2022 Paul Muolo and Brandon Ivey Piper Sandler on loanDepot: "In our view, the stock is pricing-in a very long downturn in the mortgage market"... Read More
Better.com's C-Suite Post Merger? February 17, 2022 At one point, Selitto was Better's president, a title now held on an interim basis by CFO Kevin Ryan.Read More
Freddie Offering Automated Assessment of Income from Direct Deposits February 15, 2022 Brandon Ivey Representation and warranty relief will be provided to lenders that use the service.Read More
A Challenging Nine Months for Better.com February 11, 2022 Paul Muolo Nine-month revenues for 2021 totaled $903.1 million.Read More