Author name: Ricky Vasquez

Impac Mortgage Holdings is on the verge of going out of business, according to a new audit. Processing Content The Southern California–based mortgage firm revealed its dire situation via an independent audit from Baker Tilly published Friday to the over-the-counter Open Market exchange. Once regularly a billion-dollar originator, the company’s books today are upside-down, with […]

A homeowner is suing Bank of America and an appraisal firm for racial discrimination, the latest appraisal bias lawsuit against a major lender.  Processing Content Darchelle Braxton, a Black woman, sued the businesses last week in federal court for violating the Fair Housing Act and the Equal Credit Opportunity Act in handling her mortgage application

D.R. Horton’s stock arc mapped a familiar story Tuesday. Of investor recognition. Of the power and primacy of no financial or operational surprises to the negative. Shares traded modestly higher on elevated volume following the company’s fiscal Q2 earnings release this morning, as investors processed a result that checked the right boxes: a beat on