Flávia Furlan Nunes

[HousingWire @HousingWire]

Secondary mortgage market waits for data, creates workarounds amid shift to alternative credit scores https://t.co/XSNyCESmJi

[HousingWire @HousingWire]

⚖️❗ Ex-Fannie Mae employees sue for defamation, alleging fraud claims were false

Forty-one former staffers fired in April claim Fannie Mae and FHFA Director Bill Pulte publicly labeled them fraudsters—without evidence—and are suing for defamation and seeking over $82 million in total damages.

➡️ Read the full breakdown here: https://t.co/IGqTfrrYnd

[🏠🏘 Clayton Collins 🏡🏘 @HousingClayton]

Buried in the Onity Group ($ONIT) earnings, and unearthed by @Fla_Furlan is an easter egg we should all be paying attn to –>

"The firm is also leveraging artificial intelligence to improve efficiency. Messina noted that AI-powered data extraction has now been deployed in more than 190 processes, performing the work of approximately 400 employees and saving roughly 57,000 hours of manual labor per month."

Onity may be one of the most interesting and durable mortgage businesses in the market right now. They’re pulling earnings from multiple levers — forward, reverse, and servicing — and not relying on rate tailwinds.

More on @HousingWire

[HousingWire @HousingWire]

HomeLight raises $20M to expand Buy Before You Sell product https://t.co/OZDSrZq8R3

[HousingWire @HousingWire]

CMG Financial founder to acquire Greenwoods State Bank https://t.co/4CJ4yg6g9s

[HousingWire @HousingWire]

UWM sells MSRs, invests in origination to prep for a refi wave https://t.co/BunqlVqlPq

[HousingWire @HousingWire]

OceanFirst Bank to acquire Garden State Home Loans https://t.co/pW1dgEqJWA

[HousingWire @HousingWire]

Homeownership costs jumped 26% since start of pandemic: Bankrate: The average cost of homeownership has increased by 26% over the past four years to more than $18,000 annually, per Bankrate’s Hidden Costs of Homeownership study.  https://t.co/Sdm9pib0sm

[Flávia Furlan Nunes @Fla_Furlan]

@raunaqsingh @HousingWire Thank you, @raunaqsingh

[HousingWire @HousingWire]

Ginnie Mae President Alanna McCargo to resign: Alanna McCargo announced her resignation from the top post at Ginnie Mae effective May 3 https://t.co/3DRmRoTf5f

[HousingWire @HousingWire]

Freddie Mac’s proposed home equity product could unlock $850B in originations: Bank of America strategists also say that the absence of a robust securitization market could limit the potential of these second-lien loans https://t.co/0eDWx6wW9w

[HousingWire @HousingWire]

G-Rate sued for gender discrimination, sexual harassment, unpaid comp: A former Guaranteed Rate LO is suing the lender and two managers for allegedly discriminating against her on the basis of gender, failing to compensate her equal to male co-workers,… https://t.co/KLYzf3TVze

[HousingWire @HousingWire]

NewRez restructures retail division, cuts senior managers: Lender is restructuring its distributed retail mortgage division, which has resulted in cuts to senior managers and is sending LOs looking for new work. https://t.co/MjcAUjHQOo

[Lillian Wong @ilillianwong]

AIME names Jonathon Haddad as new CEO and chairman https://t.co/D0oOD9562B

[HousingWire @HousingWire]

Mortgage apps uptick spreads optimism on a refi recovery: Analysts view the forward curve and recent reductions in the mortgage rate as signs of life for a potential refi recovery. https://t.co/P3gdyd8TkO

[HousingWire @HousingWire]

Loan officers are dramatically cutting their pay to win clients. It’s often illegal. : HousingWire interviewed more than a dozen loan officers, mortgage executives, attorneys to shed light on the practice of LOs falsifying lead sources to gain a pricing… https://t.co/IHYjXXcXvv

[HousingWire @HousingWire]

Thrive Mortgage and Lower strike merger deal: Combined, Thrive Mortgage and https://t.co/rC4dwj6oHg have originated about $3.3 billion over the past 12 months, according to Modex data. https://t.co/dIcLHFo0Jb

[HousingWire @HousingWire]

CMG Financial adds Shamrock’s $300M-plus origination team: California-based CMG Financial announced the integration of Shamrock Home Loans' origination team to enhance its presence in New England. https://t.co/VB39SLSRSu

[HousingWire @HousingWire]

Movement sues Summit, former veteran sales executives for poaching: The transition of three sales executives from Movement Mortgage to competitor Summit Funding in July led to a legal battle over poaching. https://t.co/I8JLUW08vk

[HousingWire @HousingWire]

Citizens Bank to exit the wholesale channel: Rhode Island-based Citizens Bank has decided to close its wholesale channel, which produced about $1 billion in origination volume in the first half of 2023. https://t.co/p6f6F4Zddy