Author: Michael Gersitz

Servicers’ forbearance portfolio volume dropped in December to a level below 1.5% for the first time in 18 months. The total number of loans in forbearance decreased by 26 basis points, to 1.41% in December from 1.67% in November, according

More than 400 mortgage loan originators will pay penalties after a multi-state investigation alleged they falsely claimed they completed an annual continuing education requirement. LOs in 42 states who settled with state regulators will pay on average about $2,700 each

Anthony Hsieh, the CEO of loanDepot, has been buying some pricey real estate in Florida, pushing his portfolio of properties to over $150 million. As was first reported by the The Real Deal, Hsieh has dropped approximately $50 million dollars

About five years ago, Linthicum, Maryland-based NFM Lending was looking for a way to shift from sporadic donations to service members to a dedicated effort that regularly recognized their sacrifice. Their answer was the creation of the NFM Salute, an

Milo, a Miami-based digital lender, will soon offer a crypto mortgage to clients with digital assets. And the company claims that there is already a waitlist for the product. According to Milo’s press release, clients who use the company’s services

A total of 10 new private-label securitization deals backed by more than 9,500 mortgages valued collectively at nearly $5.4 billion have already hit the market over the first few weeks of 2022, according to a new analysis by HousingWire.  The

HomeSmart is a growing real estate brokerage that may go public, but the company faces questions about its business model and the compensation of founder and CEO Matt Widdows. Founded in 2000, Scottsdale, Arizona-based HomeSmart is the seventh largest brokerage

Hosted by Accurate Group Collateral valuation is a critical component of mortgage lending and the home sales process. During the course of the pandemic, mortgage professionals have seen origination volumes for refi and purchase skyrocket as they have simultaneously faced challenges

Wells Fargo originated $48.1 billion worth of mortgages in the fourth quarter, down from $51.9 billion in the previous quarter. The bank’s mortgage lending gain on sale margin — the earnings stemming from its originations — tumbled from 204.5 basis

While layoffs sweep the mortgage industry, particularly consumer-direct lenders, non-qualified mortgage (non-QM) lenders are going on a hiring spree. Non-QM lenders Angel Oak Mortgage, Acra Lending and Newfi alone currently have at least 130 openings on jobs listings sites. According