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'Nonbank SIFI designations would be ill-suited for servicers'

National Mortgage
Mortgage Finance
3 years ago

Mortgage and housing trade groups this week pushed back against a Financial Stability Oversight Council proposal aimed at reverting its,.. Read More;

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Michigan State University FCU will follow its members to Chicago

National Mortgage
Mortgage Finance
3 years ago

Michigan State University Federal Credit Union in East Lansing is opening five branches in Chicago. This is its first expansion,.. Read More;

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Lawsuits may redefine Realtor fees, forcing lenders to adapt

National Mortgage
Mortgage Finance
3 years ago

A multiple listing service settled a lawsuit challenging Realtor commission rules for $3 million, a possible harbinger for several ongoing,.. Read More;

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Borrowers deliver near-record low delinquencies in June

National Mortgage
Mortgage Finance
3 years ago

Borrowers recorded the third-lowest national delinquency rate on record to end June despite some upticks in shorter-term late payments, according,.. Read More;

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Freedom Mortgage reaches settlement over telemarketing practices

National Mortgage
Mortgage Finance
3 years ago

Freedom Mortgage agreed to pay $502,000 to settle claims it violated New Jersey's consumer protection laws.The settlement, which was reached,.. Read More;

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Can Rithm's consumer loan buy help with mortgage lending?

National Mortgage
Mortgage Finance
3 years ago

While Rithm Capital's purchase of $1.4 billion of consumer loans from Goldman Sachs will assist with its diversification efforts, it,.. Read More;

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LoanDepot, CrossCountry, First American add to their C-suites

National Mortgage
Mortgage Finance
3 years ago

Also, Cenlar welcomes client management leader, NFM promotes influencer-marketing executive and Guzzo & Co. hires transgender chief officer.,.. Read More;

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Synovus to sell medical office loans, use proceeds to reduce borrowings

National Mortgage
Mortgage Finance
3 years ago

Synovus Financial said that its medical office loan portfolio sale will result in a one-time negative net income impact of,.. Read More;

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Mortgage rates shrink on positive inflation news

National Mortgage
Mortgage Finance
3 years ago

After coming very close to 7% last week, the average for the 30-year fixed rate mortgage backed down 18 basis,.. Read More;

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Troubled Doma sells Midwest and Texas retail title branches

National Mortgage
Mortgage Finance
3 years ago

Doma sold additional pieces of its retail title production business as part of the company's reorganization as it struggles to,.. Read More;

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Senate passes bill to speed lending on tribal lands

National Mortgage
Mortgage Finance
3 years ago

A bill aimed at improving the speed at which mortgages get approved for Indigenous borrowers seeking to finance homes on,.. Read More;

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Home resales fall to five-month low, keeping prices near record

National Mortgage
Mortgage Finance
3 years ago

Sales of previously owned U.S. homes fell to a five-month low in June on limited inventory, also helping to push,.. Read More;

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