Good Morning! Today is Tuesday, February 6. Parts of Los Angeles are littered with debris after rain caused more than 120 mudslides. Britain’s King Charles III was diagnosed with cancer and will reduce his public appearances while he undergoes treatment. Country singer Toby Keith died yesterday at 62 after a battle with stomach cancer.
The Mortgage Note Reports
Website Redesign: Subservicer LoanCare has redesigned the website powered by its propriety software to be simpler and more consumer-focused.
Hecht At OneTrust: Former Newrez exec and industry veteran James Hecht has been named the new CEO of OneTrust Home Loans.
In other mortgage and housing news…
“Blatant” Discrimination: A federal appeals court blocked a controversial Florida law restricting Chinese citizens from buying land.
Tragic News: Mike Gill, a Trump admin official and current SVP of Capital Markets at the Housing Policy Council, died Sunday after being shot last week.
Housing Justice: The Justice Department reached an agreement with an Alabama landlord to resolve a lawsuit alleging that he sexually harassed female tenants.
Not Going: Most of last year’s top-producing loan officers at Draper and Kramer are not transitioning to the company’s acquirer, New American Funding.
Company News: PortX teamed up with compliance company Hummingbird to fight financial crime; HousingWire’s Mortgage Rates Center data is now powered by Polly, providing real-time rate updates hourly.
“Self-Sabotage”: Rather than saving for a deposit, Gen Z is rebelling against the housing market with influencer-inspired luxury vacations and designer products.