More loan buybacks from Freddie Mac are raising eyebrows

Seller repurchases of Freddie Mac mortgages rose to $430 million in the second quarter of 2024, a 29.1% increase from the first quarter, according to an analysis of public filings by Inside Mortgage Finance. By contrast, sellers of loans through fellow government-sponsored enterprise (GSE) Fannie Ma

Smartfi hires reverse marketing veteran Martin Lenoir as CMO

San Diego-based Smartfi Home Loans, which is primarily active as a wholesale lender in the reverse mortgage space and is actively building a retail division that offers reverse mortgage products, has hired industry veteran Martin Lenoir as its new chief marketing officer.Lenoir most recently served

California-based Premier Plus Lending adds reverse mortgage division

Los Angeles area-based mortgage lender Premier Plus Lending announced last week that it is expanding into the senior-focused home equity market with a new division, Retirement Mortgage Solutions, which will include reverse mortgages and other home equity-based lending instruments.“The new division f

Ex-employee sues CrossCounty Mortgage over age discrimination accusations

A former regional operations manager at CrossCountry Mortgage (CCM) is suing the company over allegations of age discrimination and wrongful termination for her refusal to participate in illegal activities.  Penny Smith, 61, filed the lawsuit in early September in a district court in Pennsylvania. S