Mortgage industry mourns death of Patti Cook
Patricia “Patti” Cook, who broke the glass ceiling in the mortgage industry during a successful 45-year career, died on Friday at her home in New York....
HUD employees in 2023 feel ‘safer’ and more ‘valued,’ survey finds
Employees at the U.S. Department of Housing and Urban Development (HUD) feel safer, more valued and empowered in their roles at the department. This is according...
5 strategies for smarter outreach, networking
Between rising mortgage rates and soaring loan production costs this year, many lenders and brokerage leaders are reducing headcount to preserve their bottom line. As a...
Have mortgage rates peaked for this cycle?
Mortgage rates and the 10-year yield
The 10-year yield has had a wild ride this week, especially during overnight trading. The 10-year yield hit a high of...
Cyberattack on Mr. Cooper forces it to lock down systems
Texas-headquartered lender and servicer Mr. Cooper pointed to a cybersecurity incident that forced the company to lock down certain technology systems including access to its online...
Anywhere teams up with RealScout to facilitate the real estate journey
Anywhere Real Estate partnered with agent-client collaboration platform RealScout to allow the company’s affiliated real estate agents and franchise owners “to engage, nurture, and convert clients...
FHA updates appraisal requirements on GSE-certified manufactured homes
The Federal Housing Administration (FHA) announced this week that it has implemented updated appraisal requirements for the valuation of manufactured homes certified under Fannie Mae’s MH...
Change Lending keeps CDFI certification after agreement with US Treasury
Non-bank originator Change Lending will continue to originate non-qualified mortgages (non-QMs) for underserved borrowers after it reached a tentative deal with the U.S. Department of Treasury...
CFPB report finds state community reinvestment laws can go beyond federal version
The Consumer Financial Protection Bureau (CFPB) this week published a report analyzing state-level community reinvestment laws and ways they promote reinvestment activities for entities including mortgage...
At last: Softer labor data sends mortgage rates lower
The jobs report today which should move mortgage rates lower, demonstrates why it’s time for the Federal Reserve to land the plane. The labor market doesn’t...