HousingWire

• Don’t miss the “Making Stats a Reality” panel at the Women of Influence Forum Oct. 3 August 12, 2022
  “Nothing is more timely (in my opinion) than having an open, honest and frank conversation about supporting women who want to make a difference in a historically male-driven industry by bringing on industry-leading women to the leadership table," said Hillary Saunders, chief broker officer and co-founder of Side, on this upcoming panel at HousingWire Annual. […]
• HW+ Member Spotlight: Tom O’Donoghue August 12, 2022
  This week’s HW+ member spotlight features Tom O'Donoghue, owner at Reverse Loans Now, as he shares three trends that he is closely watching. The post HW+ Member Spotlight: Tom O’Donoghue appeared first on HousingWire.
• Fannie Mae unveils $997M reperforming loan offering  August 12, 2022
  Fannie Mae has launched its fourth reperforming-loan sale of the year — an offering of 6,130 loans with an unpaid principal balance of $997 million. The post Fannie Mae unveils $997M reperforming loan offering  appeared first on HousingWire.
• Impac Mortgage Holdings backs off non-QM, posts ugly Q2 results August 12, 2022
  In the most challenging mortgage market in well over a decade, executives at Impac have opted to pull back on non-QM products, which represent most of the company’s originations. It resulted in Impac bringing in less than $500,000 in revenue between April and June.   The post Impac Mortgage Holdings backs off non-QM, posts ugly Q2 […]
• The Women of Influence Forum workshop: Learn how to create more seats at the table August 12, 2022
  We know there's no perfect 12-step plan to landing your dream life and career — wouldn't that be nice. But, we hope this workshop at the Women of Influence Forum at least gives you a collaborative and supportive community of women who are dedicated to moving the housing industry forward. The post The Women of […]
• Mounting losses force loanDepot to amend loan agreements August 11, 2022
  On the heels of a $223M loss in Q2, loanDepot reported that it has been forced to amend or obtain waivers of “profitability related to financial covenants” for certain of its warehouse lines of credit. The post Mounting losses force loanDepot to amend loan agreements appeared first on HousingWire.
• Redwood Trust, Angel Oak Mortgage awash in red ink in Q2 August 11, 2022
  The common theme in the earnings results for both REITs is the impact of fast rising interest rates and general rate volatility on their residential mortgage holdings and operations. The post Redwood Trust, Angel Oak Mortgage awash in red ink in Q2 appeared first on HousingWire.
• Homepoint takes $44M loss in Q2 amid price war August 11, 2022
  "We're not afraid to get smaller as an organization," Homepoint's Willie Newman told analysts after reporting a $44 million loss in the second quarter. The post Homepoint takes $44M loss in Q2 amid price war appeared first on HousingWire.
• FHFA: GSE servicers must keep fair lending data August 11, 2022
  In a move the FHFA said will bolster sustainability and equity, servicers for federally backed loans will obtain and maintain fair lending data. The post FHFA: GSE servicers must keep fair lending data appeared first on HousingWire.
• Truework, a fintech that provides income and employment verification, raises $50M August 11, 2022
  Truework raised $50 million in Series C funding to develop products that will advance digitizing the verification process for banks and lenders.  The post Truework, a fintech that provides income and employment verification, raises $50M appeared first on HousingWire.