Page 10 - Lender Services News Today : Breaking News, Live Updates & Top Stories | Vimarsana

AUSTIN, Texas--(BUSINESS WIRE)--Aug 12, 2022--

We began 2022 thinking that this might be the “Year of Non-QM.” The product certainly has its advantages for some borrowers, and lenders & investors. And then First Guaranty and Sprout vanished, and the herd of lenders was spooked, began talking about March of 2020 when some investors backed away from the market, and everyone was reminded to never have only one “take out” for a given loan or product. And then the headline yesterday: “SEC Charges Angel Oak Capital Advisors with Misleading Investors in $90 Million Fix-and-Flip Securitization.”...

Big and small, they aren’t the first and won’t be the last. Residential lenders everywhere are ruminating on Notarize laying off 75 percent of its legal staff, the closure of fledgling correspondent Cypress Mortgage Capital, “powered by Celebrity Home Loans,” and the announced winddown and shutdown of loanDepot’s wholesale channel, effective by Halloween, along with dramatic cuts to its retail division. Frank Martell took LD’s helm in April, and announced the bad Q2 results (fortunately helped by servicing income). loanDepot is not alone. Of course it&...

Finance of America Companies, Inc. (NYSE:NYSE:FOA) Q2 2022 Earnings Conference Call August 4, 2022 5:00 PM ET Company Participants Michael Fant - Senior Vice President, Finance Graham...

02.08.2022 - Stewart Information Services Corporation (NYSE:STC) announced today that Beth Fowler is a recipient of the 2022 Woman of Influence Award presented by HousingWire. The annual award, now in its 12th year, honors 50 women shaping and propelling the ...