First Federal grows mortgage biz with NOLA Lending acquisition
The Florida-based thrift expands its retail mortgage operations into Louisiana and Mississippi, and will keep most of NOLA Lending Group's employees and brand identity
by Matt Carter Jan 6
Trump signs bill curtailing sale of mortgage trigger leads in 180 days
After the bill takes effect in March, credit bureaus will still be able to sell trigger leads to a borrower's current mortgage lender, loan servicer, or any bank or credit union they have an account with
by Matt Carter Sep 5
Chimera boosts non-QM presence with HomeXpress acquisition
New York City-based REIT will pay $120M in cash for national non-Qualified Mortgage lender HomeXpress Mortgage Corp., plus 2.08M shares in Chimera valued at $27.9M
by Matt Carter Jun 12
Fairway Independent Mortgage buys itself a new Midwest division
Fort Wayne, Indiana-based Hallmark Home Mortgage is licensed in 18 states. Company founder and CEO Deborah Sturges is joining Fairway Independent Mortgage as a division manager
by Matt Carter Jun 11
Black Knight ready to spin off Empower, Optimal Blue businesses
To win approval from regulators to merge with Intercontinental Exchange (ICE), Black Knight plans to sell 2 businesses to subsidiaries of software giant Constellation Software next month
by Matt Carter Aug 30
Amerant Mortgage launches Midwest hub in St. Louis, Missouri
Florida's largest community bank, Amerant Bank, continues to grow the national footprint of its mortgage subsidiary, Amerant Mortgage, through acquisitions
by Matt Carter Feb 3
Vishal Garg is back, with plan to save Better: The 'One Day Mortgage'
Comparing himself to Henry Ford and Elon Musk, CEO says he's reconfigured Better's assembly line to crank out mortgages in a single day
by Matt Carter Jan 25
Cornerstone Home Lending gives sales teams national scope
Merger with Roscoe State Bank means the Houston-based company's loan officers are now federal mortgage loan originators who can offer purchase loans and refinancing in 37 states
by Matt Carter Jan 3
Mortgage broker who forged loan documents for clients gets 5 years
Prosecutors say Alex Ashod Dadourian, a licensed mortgage loan broker, fabricated income and employment verification documents to win approvals for 17 mortgages totaling more than $8M
by Matt Carter Dec 8
Black Knight signs another credit union as Empower client
San Diego-based BluPeak is the 9th credit union Black Knight has signed to use its mortgage loan origination system in the last 12 months
by Matt Carter Nov 9
Constellation Mortgage Solutions partners with Lender Price
Integration of Lender Price product and pricing engine enables CMS clients to source, price and lock mortgage loans in real time
by Matt Carter Oct 11
Credit unions, banks flock to Black Knight's Empower mortgage LOS
IThink Financial, the 8th credit union to sign up for Empower since December, will use the mortgage loan origination system to provide home loans to more than 100,000 members
by Matt Carter Sep 13
Sprout Mortgage is 2nd non-QM lender to implode in as many weeks
Failures raise questions about the viability of a small but growing corner of the mortgage business that largely serves self-employed borrowers
by Matt Carter Jul 7