Evolve Mortgage opens another 100 underwriting positions
After hiring 120 underwriters in the past 90 days, Evolve announced the company plans to fill another 100 for agency and non-QM loans by the end of 2020.
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OCC settles with three former Wells Fargo executives
The Office of the Comptroller of the Currency said on Monday it had settled with three former Wells Fargo executives for their roles in the bank’s fake-account scandal.
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Homeowners gain over $620 billion in equity in second quarter
U.S. homeowners with mortgages witnessed a 6.6% YOY increase in their equity in the second quarter of 2020 – an average $9,800 hike per borrower.
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Fed releases proposal to reform CRA
The Federal Reserve approved a revamp of the anti-redlining rules known as the Community Reinvestment Act, or CRA, in a live-streamed meeting on Monday morning.
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Compliance in the fast lane: Surviving and thriving in a post-COVID regulatory environment
The most prepared companies had pandemic and business continuity protocols in place. Still, none of us could have imagined what would be coming our way, and how to manage post-COVID.
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[PULSE] The 2020 refi wave: Where activity is strongest, where it’s not, and what’s ahead
MBA's Chief Economist Mike Fratantoni weighs in on the resurgence of refinance activity, what the industry got right and where the market is headed next.
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Beeline will hire 120 employees for newest office in Charlotte
Digital lender Beeline announced plans to open its second office in Charlotte, North Carolina, in October, and double in size by September 2021.
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People movers: Churchill Mortgage, Zumper, Verity Global Solutions, NYC Housing Partnership
People Movers provides updates about the business professionals making waves in real estate and mortgage. Here’s the latest.
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MBA: 11 million households fell behind on rent or mortgages in second quarter
While 11 million households fell behind on rent or mortgage in Q2, nearly 30 million missed at least one student loan payment, according to the MBA.
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Pandemic drives more interest in real estate careers
A new report revealed that in April, when the pandemic took its toll on the real estate market, the number of newly licensed agents was practically zero. But as the spring gave way to a record-breaking summer for home sales, the profession began attrac...