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Northpointe Bank to shutter its correspondent lending business

Housing Wire

Northpointe Bank , a regional bank headquartered in Michigan, will walk away from its correspondent lending business to focus on its retail lending, mortgage warehouse financing division and specialty loan servicing business. The rising rate environment also had an impact on Northpointe’s origination in 2022.

Lending 397
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Mortgage Coach and Sales Boomerang snag new investor

Housing Wire

million investment in eOriginal in 2016, said both companies offer solutions that make a difference for lenders facing stiff competition and low margins in a purchase environment. The post Mortgage Coach and Sales Boomerang snag new investor appeared first on HousingWire. LLR Partners, which led a $26.5

Investors 391
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Wells Fargo to pay $250 million for “reckless practices”

Housing Wire

Wells Fargo has been slapped with a $250 million civil money penalty by the Office of the Comptroller of the Currency for “unsafe or unsound practices” pertaining to their home lending loss mitigation program this week. As the housing market changes, so does lending fraud. Presented by: First American Data & Analytics.

Lending 482
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Pagaya Technologies names former CEO of Caliber Home Loans as president

Housing Wire

His responsibilities include overseeing the strategy and growth of Pagaya’s commercial business – including its single-family rental business and its subsidiary Darwin Homes – as it continues to enhance its tech-enabled product offering and expand its new and existing lending partnerships, the firm said in a news release.

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EasyKnock faces consumer lawsuits and actions from state regulators

Housing Wire

District Court in Detroit, the suit alleges that EasyKnock uses a “deceptive and unfair lending scheme” to “lure homeowners with poor credit, but with significant home equity, into unlawful, usurious loans known as ‘Sell & Stay’ transactions.” EasyKnock was founded in 2016 and is based in New York City. The platform closed a $3.5

Lending 448
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Digital mortgage startup Maxwell lands $16M in Series B

Housing Wire

Other investors included Rotor Capital , The Mortgage Collaborative Emerging Technology Fund , Prudence Holdings and existing investors including Anthemis Group , Route 66 Ventures , and Sovereign’s Capital. Clients include Credit Union of Colorado , Texas Lending and JMAC Lending. mortgage market.

Mortgage 448
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Incenter Lender Services promotes Sara Parrish to COO

Housing Wire

.” Incenter has businesses focused on capital markets, loan diligence, student lending, insurance, property tax, accounting and marketing. Parrish joined the Incenter group in 2016 through its business CampusDoor, a third-party student and specialty loan origination platform.