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Gary Farro's testimony focused on both the banking activity of Michael Cohen, a former Trump attorney who paid $130,000 to an adult film actress in 2016, and First Republic Bank's due diligence work.
10h ago -
The Federal Reserve, Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency issued a 30-page guidebook on managing affiliate risks. The report builds on formal guidance issued last year.
May 3 -
In talks with OCC officials, "it became obvious that we would not gain near-term approval given their recent experience with multifamily and CRE positions," FirstSun CEO Neal Arnold says. The companies announced other revisions to their deal, too.
May 3 -
The industry hasn't been sure how much of a lift they'd get this spring but a broader slowdown in hiring may help to lower financing costs.
May 3 -
Test your knowledge of the biggest mortgage headlines of the week. No. 2 pencil not required!
May 3
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The company's branches and loan officers will transition to ML Mortgage but operations staff are not part of the deal.
May 2 -
Like some other servicers, it recorded a positive change in valuations during the first quarter, contrasting a negative adjustment in the previous period.
May 2 -
The company, acquired by CrossCountry Mortgage in 2022, discouraged employees from reporting they worked off-the-clock as a means to "save on labor costs."
May 2 -
The top five producers had an average non-QM loan volume of nearly $94 million for 2023.
May 2 -
Zillow Group Inc. shares fell after the real estate company published a second-quarter outlook that called for lower revenue in its core business and predicted stalling growth in the broader U.S. housing market.
May 1