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Ocwen to purchase Reverse Mortgage Solutions' assets for $12M

National Mortgage
Mortgage Finance
5 years ago

Ocwen Financial is expanding its reverse mortgage servicing business by acquiring the operations, assets and employees of the Reverse Mortgage,.. Read More;

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Next 3 weeks will dictate forbearance outlook for rest of 2021

National Mortgage
Mortgage Finance
5 years ago

Both forbearance starts and exits had reduced activity last week, leading to a relatively muted improvement as expiration dates for,.. Read More;

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Nonbank mortgage share now tops 60%, CFPB finds in HMDA analysis

National Mortgage
Mortgage Finance
5 years ago

The share of mortgages originated by non-depository institutions climbed to nearly 61% in 2020 from a little over 56% a,.. Read More;

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What does the future hold for RIO mortgages?

Mortgage Finance Gazette
Mortgage Finance
5 years ago

Way back in 2018, the FCA predicted that 21,000 Retirement Interest-Only (RIO) mortgages would complete before 2021, as at December,.. Read More;

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Brokers endorse bridge-to-let as reassuring client solution

Mortgage Finance Gazette
Mortgage Finance
5 years ago

In a poll, conducted in partnership between Castle Trust Bank and Knowledge Bank during a criteria clinic with almost 100,.. Read More;

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Newcastle Intermediaries raises Joint Mortgage Sole Proprietor LTV to 95%

Mortgage Finance Gazette
Mortgage Finance
5 years ago

The intermediary arm of the building society revealed it had also added several new products to the range of JMSP,.. Read More;

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Lenders should do more to alert homeowners of flood risks, lawmakers say

National Mortgage
Mortgage Finance
5 years ago

WASHINGTON — Mortgage lenders that finance properties prone to flood risk should do more than just require borrowers in federally,.. Read More;

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Angel Oak Mortgage shares plateau after downscaled IPO launch

National Mortgage
Mortgage Finance
5 years ago

Angel Oak Mortgage, a company that buys home loans made to nontraditional borrowers, launched a downsized initial public offering Thursday;,.. Read More;

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Mortgage rate falls again, but a reversal may be in store

National Mortgage
Mortgage Finance
5 years ago

The average 30-year fixed-rate mortgage fell for a third-straight week, hitting its lowest mark since mid February, but remarks from,.. Read More;

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CHLA decries 3% caps for some on Fannie vacation home, investor loans

National Mortgage
Mortgage Finance
5 years ago

The Community Home Lenders Association on Wednesday called for a rollback of additional limits certain of its members will face,.. Read More;

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While volume dropped, new-home loans hit a price record in May

National Mortgage
Mortgage Finance
5 years ago

New-home purchase application volume fell for the second consecutive month in May, as soaring prices pushed more potential buyers out,.. Read More;

post

Fed talks 2023 interest rate hikes, First American penalized by SEC, Black Knight chairman steps down & more of the week's top news

National Mortgage
Mortgage Finance
5 years ago

Also: Homespire, Nations Lending, CapStar make new hires across the country, housing market conditions relax (a bit) in May,.. Read More;

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