The former underwriter, who worked for the Georgia-based lender from 2023 to 2024, claims she averaged more than 60 hours a week and was not properly compensated.
Both Keefe, Bruyette & Woods and BTIG believe the transaction — key to spinout of the mortgage business — will be completed despite the opposition of Sculptor founder Dan Och.
Servicers of loans not related to the government most often capitalized missed payments and converted them into a deferred, non-amortizing balance, said Vadim Verkhoglyad of dv01.
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The Mortgage Bankers Association deleted web pages including a diversity, equity and inclusion playbook, citing compliance with President Trump's orders.
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This potential transaction would be part of a broader trend of mortgage lenders and servicing players converging, such as Rocket's recent acquisition of Mr. Cooper.
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A recent deal involving a troubled Texas bank shows that even the most lopsided depository can find an exit.
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Federal Reserve Gov. Lisa Cook said in a speech Friday that the market's response to recent volatility shows resilience, but more study is needed about the financial stability implications of business relationships between banks and nonbanks.
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The top female loan originator in the mortgage industry logged $186.5 million in dollar volume over the course of 2024.
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Purchases of new single-family homes increased 11% last month to a 743,000 annual rate, the highest level since February 2022, according to government data.
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With mortgage rates dipping to all-time lows over the past couple of years, homebuyers had no choice but to become spoiled. Unfortunately, nothing good lasts forever.
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We're hearing that it hasnt been easy to be a real estate investment trust mortgage-backed securities investor recently.
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Some wild and crazy letters of explanation from consumers to originators about having bad credit.
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ON-DEMAND VIDEOMonetary policy remains the key to the markets. The Federal Open Market Committee predicts one rate cut in 2026, but the panel will get a lot of data before
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ON-DEMAND VIDEOWith the government reopened and data flowing, the FOMC may cut rates again in Dec. Steve Skancke, Chief Economic Advisor at Keel Point, will break down the mee
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ON-DEMAND VIDEOWill the Federal Reserve cut rates in October? BNP Paribas Chief U.S. Economist James Egelhof discusses the meeting and Chair Jerome Powell's press conference.
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