Nonbank originator Change Lending and the U.S. Department of the Treasury have agreed to settle a lawsuit in which the lender claims “flawed analysis and mathematical errors” led to its decertification as a Community Development Financial Institution (CDFI).... Read more »
With soaring home prices and mortgage rates putting a damper on the market for new home loans and refinancing options, it’s a challenging time for homebuyers and lenders alike. But it’s not... Read more »
loanDepot has appointed David Smith to the newly-created position of vice president of national VA lending, the company announced on Monday. In this role, Smith, a former Army sergeant, will oversee the... Read more »
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 that would keep the firm certified... Read more »
With the U.S. House of Representatives effectively incapable of conducting lawmaking business until a new speaker is elected, the U.S. Senate is pressing forward with its own business, including the Wednesday vote... Read more »