LendingLife
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Former G-Rate employees allege toxic work environment: Chicago Tribune
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According to the report, the accusations included Ciardelli, who is described as a “boss who was quick to berate, swear at and demean employees,” mainly ...

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Freddie Mac CFO to resign at the end of June
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Freddie Mac’s chief financial officer, Christian Lown, notified the company of his intention to resign at the end of this month. The ...

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Open Mortgage has FHA direct endorsement authority terminated in Iowa
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The U.S. Department of Housing and Urban Development (HUD) has terminated the Federal Housing Administration (FHA) direct endorsement approval for Open ...

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U.S. job creation exceeds forecasts, signals delays in rate cuts
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Job creation that exceeded expectations in May has reinforced the perception that the Federal Reserve will maintain the same benchmark interest rates ...

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loanDepot adds Andrews, Wilkish to its sales leadership ranks
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California-based mortgage lender loanDepot (LDI) has made two additions to its sales leadership team. On Wednesday, the company confirmed that ...

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CFPB creates public database of nonbank repeat offenders
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The Consumer Financial Protection Bureau (CFPB) is creating a public database to identify nonbank financial companies that violate consumer laws, ...

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Lenders file class-action lawsuit against Equifax, citing monopoly in work number product
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Mortgage lenders use payroll data during the underwriting process to qualify borrowers, and without it, many consumers are unable to obtain a mortgage. ...

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One year after expansion, Guaranteed Rate remains bullish on reverse mortgages
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Increased adoption When asked about how reverse mortgage business is going in the first half of the year, Ogata said that he’s happy with the ...

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Republicans tell FHFA they oppose Freddie Mac’s closed-end second mortgage proposal
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On Wednesday, the FHFA closed the comment period for the proposal, which was opened in April. In their letter, Republicans called the 30-day period ...

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Chopra: Credit reporting industry’s fee hikes “raise big questions”
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Chopra spent his roughly 15-minute speech detailing the various price increases the credit reporting industry — from Experian, Equifax, Transunion and FICO ...

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Chopra says he is ‘open to’ reviewing the LO comp rule
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“As a general matter, we are taking a look at all the old rules, even the ones that were just a decade ago, to see how they’re doing. We’ve done ...

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Former HUD Secretary Marcia Fudge becomes a partner at law firm Taft
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About two months after resigning as the 18th secretary of the U.S. Department of Housing and Urban Development (HUD), Marcia Fudge has joined law firm ...

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