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Zombie mortgage settlement erases millions in borrower debt

National Mortgage
Mortgage Finance
1 year ago

The Massachusetts attorney general's office announced it has reached a settlement with a mortgage servicer over its practice of resurrecting,.. Read More;

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Pennymac announces a change in the C-suite

National Mortgage
Mortgage Finance
1 year ago

William Chang, who oversees Pennymac's capital markets and investment activity, is stepping down from his post, and an interim successor,.. Read More;

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FHA fraud scheme ends with guilty verdict

National Mortgage
Mortgage Finance
1 year ago

A Chicago-area loan originator was found guilty of five fraud counts for a scheme that cheated businesses out of millions.A,.. Read More;

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Fed fines bank over flood insurance; IT worker cited for mishandling documents

National Mortgage
Mortgage Finance
1 year ago

Andrew Harrer/Bloomberg The Federal Reserve issued two enforcement actions this week: one against a Helena, Montana, bank for,.. Read More;

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How to enhance lender outreach to Gen Z

National Mortgage
Mortgage Finance
1 year ago

In an era of rapid economic changes and evolving lifestyle preferences, younger generations — including millennials and Gen Z —,.. Read More;

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As rates go up, Freddie calls previous enthusiasm "premature"

National Mortgage
Mortgage Finance
1 year ago

Mortgage interest rates did not continue to dip as expected following the Federal Reserve's recent decision to cut short-term rates,,.. Read More;

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1 million consumers are victims of credit union ransomware attack

National Mortgage
Mortgage Finance
1 year ago

A Bay Area credit union the suffered a ransomware incident earlier this year has revealed over one million consumers were,.. Read More;

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Cenlar faces setback as court grants partial ruling on RESPA violation

National Mortgage
Mortgage Finance
1 year ago

A federal judge had earlier thrown out some parts of a lawsuit about a loan modification against Cenlar but now,.. Read More;

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'Nonsensical' testimony sinks Rocket investors in suit

National Mortgage
Mortgage Finance
1 year ago

A shareholder lawsuit against Rocket Cos., a complaint already facing scrutiny because of a meme stock frenzy, has more issues. A,.. Read More;

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Sprout exec on mass layoff video call says don't shoot the messenger

National Mortgage
Mortgage Finance
1 year ago

A former Sprout Mortgage executive who told hundreds of employees in a video call they were fired is asking aggrieved,.. Read More;

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T-Mobile returns to bond market with deal it postponed last month

National Mortgage
Mortgage Finance
1 year ago

(Bloomberg) -- T-Mobile US Inc. is selling $500 million in asset backed securities supported by installment plans the company offers,.. Read More;

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FHLB Des Moines extends rate subsidy program

National Mortgage
Mortgage Finance
1 year ago

The Federal Home Loan Bank of Des Moines made an additional $6 million of funds available to its members for,.. Read More;

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