DOJ and CFPB sue Colony Ridge over predatory lending practices
The U.S. Department of Justice (DOJ) and the Consumer Financial Protection Bureau (CFPB) sued the developer and lender Colony Ridge on Wednesday, alleging the company operated an illegal land sales scheme...
NAR names new chief marketing and communications officer
The National Association of Realtors (NAR) has a new chief marketing and communications officer. The trade group announced Tuesday that Suzanne Bouhia would...
Home equity investment firm Splitero loses main investor, $750M in committed capital
Michael Gifford and David Zvaifler‘s home equity investment company, Splitero, lost its main investor, Redwood Trust, HousingWire has learned.
According to an internal presentation...
The mortgage market just had its strongest week in months
Falling mortgage rates last week brought increased demand.
Total home loan applications increased 2.8% for the week ending Dec. 1 compared to the previous...
Mr. Cooper’s profits increase to $275M in Q3
Mr. Cooper Group improved its profitability in the third quarter of 2023 mainly due to the performance of its servicing portfolio, which benefited from...
Price trumps location in Coldwell Banker consumer survey
Amid an elevated mortgage rate environment, consumers are reevaluating their priorities when it comes to purchasing real estate. According to a recent nationwide...
Realtor.com CEO Damian Eales: CoStar is lying about being the No. 2 portal
The so-called portal wars heated up this week, when Realtor.com CEO Damian Eales made comments about rival CoStar Group’s Homes.com during the MLS...
Insellerate integrates its CRM solution with Finastra’s MortgagebotLOS
Insellerate, a CRM provider serving banks, lenders and credit unions, announced an integration with Finastra’s MortgagebotLOS and Originate solutions on Tuesday. Thanks to this...
The blessing of constraints and other lessons learned from 2023
Is 2023 a year to forget? That’s what we’re supposed to say after a tough year, right? In the case of the mortgage...
Guild posts origination gains in Q1, declares a dividend
Guild Holdings Company, parent company of Guild Mortgage, recorded a 6% increase in mortgage originations and much higher revenue levels in the first...
