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Supreme Lending to acquire Michigan Mutual: sources
Supreme Lending employees traveled to Port Huron, Michigan—where MiMutual is headquartered—on Wednesday for the official announcement of the deal.
NAHREP’s top 250 Latino LOs accounted for $22B in volume in 2024
Mortgage originators on the national top 250 list closed 10% more transactions on a year-over-year basis in 2024, NAHREP reported.
New MISMO reference model includes reverse mortgages
The latest MISMO reference model includes “greater support for the origination and underwriting of a reverse mortgage.”
Movement to pay $24M to settle underwriting government loans fraud case
Movement Mortgage has agreed to pay $23.75 million to settle allegations that it improperly originated and underwrote mortgages insured by the FHA and VA programs.
Mortgage rates stay put this week
The Freddie Mac fixed rate for a 30-year mortgage was little changed this week as investors assessed Powell’s latest comments on rate hikes.
loanDepot sues Movement for poaching LOs
loanDepot is accusing its competitor Movement Mortgage of damaging its business by hiring over 25 employees in three months and “effectively crippling” “now-depleted” branches.
