The recent drop in interest rates has opened the door for lenders to refinance borrowers with high-cost Federal Housing Administration loans into conventional Fannie Mae and Freddie Mac loans.
New York banking regulator Benjamin Lawsky is sending a new warning shot over the bow of Ocwen Financial, which has been scrutinized by regulators for more than a year.
A growing number of industry insiders find mortgage lending compliance may slow down but will not stop increased demand for electronic transactions.
Two key Democrats are asking the Government Accountability Office to investigate the financial stability of nonbank mortgage servicers and potential harms to borrowers.
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