What an appeal of the $1.8B Sitzer/Burnett commission lawsuit verdict will look like
While much remains unknown in the wake of the verdict in the Sitzer/Burnett commission lawsuit case, the one certainty is that all three defendants — National...
With new CEO, Rocket increases margins, remains profitable in Q3
Amid the most challenging mortgage market in decades, Rocket Companies, the parent of Rocket Mortgage, remained profitable in the third quarter of 2023, showing higher margins in the...
Glenn Kelman says Redfin has ‘very good defenses’ for commission lawsuit
Redfin executives were happy to discuss commission lawsuits during their firm’s third-quarter 2023 earnings call with investors and analysts Thursday evening, just not the one their...
What’s in store for non-QM in 2024?
HousingWire recently spoke with Mack Walker, SVP of capital markets at Deephaven Mortgage, about how the year went for the non-QM sector and what’s in store...
Smart Rate, Michael Strauss no longer authorized to do business in Illinois
Smart Rate Mortgage, LLC is no longer licensed as a residential mortgage company in Illinois. Meanwhile, Michael Strauss, its only loan officer, now has an inactive status on...
ICE’s mortgage business outperforms in Q3 despite industry tailwinds
Intercontinental Exchange (ICE) Mortgage Technology reported an adjusted operating income of $131 million in the third quarter of 2023, up from Q3 2022’s $126 million —...
loanDepot accuses ex-COO Tammy Richards of stealing customers’ information
California-based nonbank lender loanDepot is suing former chief operations officer Tammy Richards for breach of contract and fiduciary duty, accusing her of stealing confidential information concerning the lender’s customers.
The move...
MISMO president on getting control of your AI
HousingWire Editor in Chief Sarah Wheeler sat down with David Coleman, president of MISMO, to talk about what’s changed in technology over the last 15 years, and...
How proptechs are adapting in a changing market
My, how things have changed. Just a couple years ago there was incredible momentum building around alternative ways to purchase, sell and extract value from residential...
Trustar Bank sells mortgage subsidiary to Archer
Virginia-based community bank Trustar Bank sold its mortgage subsidiary to Archer Mortgage Holding Company, the companies announced on Thursday. The financials of the deal were not disclosed....