Brad Finkelstein
NationalMortgageNews
New York, NY, United States
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Past articles by Brad:
ICE-Black Knight deal likely to go through, analysts say
A panel discussion with executives from Boston Consulting Group reinforced the view that regulators will allow the deal to proceed, Keefe, Bruyette & Woods said. → Read More
Nominations open for 2023 Top Producers
The survey period runs through Feb. 24, so don't dally! → Read More
FHFA will report appraisal bias cases to state licensing authorities
The Federal Housing Finance Agency said it would heed the recommendation from a report by its Office of the Inspector General released this week. → Read More
A housing crash is coming, many consumers believe
Approximately 41% of respondents to a LendingTree survey think one will occur in the next 12 months, with three-quarters feeling it may be worse than in 2008. → Read More
Impac addressing one stock listing violation but it now faces another
NYSE American accepted the mortgage company's plan to resolve an existing concern but its persistent losses raised a new issue. → Read More
Former Finance of America team hired by Hallmark
The 60-person group, headed by Marc Wadman, originates loans in Colorado, Georgia, Kansas, Louisiana, Missouri, South Carolina and Texas. → Read More
BayFirst takes a $3.7 million hit for mortgage shutdown in Q3
The closure of its nationwide retail business — which followed the shuttering of its consumer direct business in Q2 — pushed the Florida bank into a $1.4 million loss for the most recent quarter. → Read More
Angel Oak posts 2Q loss due to non-QM market uncertainty
The REIT did not issue a securitization in the period because of the upheaval, but found a more receptive marketplace in July. → Read More
Rocket reports steep decline in profit in 2Q
More cost reduction is on the way in the third quarter, but management says it will not layoff staffers, despite having some excess capacity. → Read More
Freedom Mortgage sells RoundPoint to Two Harbors after 2 years
The REIT is paying a $10.5 million premium to acquire the company, which will allow it to bring servicing in-house. → Read More
Attom sells legacy company RealtyTrac to Nations Info
As part of a business model refocus, Attom Data Solution has sold its RealtyTrac and Homefacts websites to Nations Info. The terms of the deal were not disclosed. Nations Info is a Goleta, Calif.-based provider of real estate and financial information services, according to its Crunchbase profile. No RealtyTrac or Homefacts executives or employees were affected by the divestiture, said Rick… → Read More
FHA promises updates to its renovation programs
Both the 203(k) and Title 1 programs have not gotten attention by the agency for quite some time, senior officials admitted during a briefing. → Read More
Fannie and Freddie escalate nonperforming loan sales
The government-sponsored enterprises divested themselves of the largest share of these loans since they first began selling them in 2014, a Federal Housing Finance Agency report found. → Read More
Fintechs Mortgage Coach and Sales Boomerang merge
The transaction formalizes the relationship started by a January investment in both companies by LLR Partners. → Read More
How servicers are putting available originators to work
Cuts on one side of the business are creating a ready-made, knowledgeable pool of workers for servicers as demands on the latter’s operations are increasing. → Read More
Nonbank mortgage profits hurt by high costs in Q1
Revenue was also slashed by lower per-employee productivity and slipping application pull-through. → Read More
Impac loses $1.2M during a difficult 1Q
Higher rates and tight margins are affecting its non-QM and conforming businesses. → Read More
LoanDepot hires Martell as president and CEO
Founder and largest shareholder Anthony Hsieh will now direct strategy as executive chairman. → Read More
The Top Producers of 2022: The complete list
Last year, mortgage originators had the best of everything — low interest rates that attracted plenty of refinancings and increasing purchase demand at the same time. While they're preparing for a rockier road ahead, we're celebrating their accomplishments in 2021. → Read More
How Best Mortgage Companies to Work For manage comms, perks
Leaders with the top-ranked lenders discuss strategies for keeping their employees engaged as the industry adjusts to rapid changes. → Read More