The one-to-one consent rule is set to go into effect Jan. 27, despite some organizations filing emergency petitions asking for a 60-day stay.
The two companies will bring close to 60 new employees to the Philadelphia-based lender.
The acquisition of the Ditech forward mortgage business will double New Residential's year-to-date origination volume in the fourth quarter alone, and further double that next year.
The Federal Reserve is the latest bank regulator to purge reputational considerations from its supervisory materials.
Although credit bureaus have collected this data for three years, it's only now being factored into assessments of consumer creditworthiness.
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The average size of purchase applications fell below the $400,000 mark, reflecting first-time home buyer interest, the Mortgage Bankers Association said.
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Three Democratic senators joined Republican colleagues to confirm the businessman, who previously voiced his support for easing government regulations.
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New York Attorney General Letitia James announced new state legislation to ban unfair and abusive business practices, giving state regulators broader authority to crack down on consumer abuses.
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Early moves by the new head of the Department of Housing and Urban Development include blocking activities related to diversity, equity and inclusion.
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The good news in the Consumer Price Index report has not carried over to the 10-year Treasury yield and thus mortgage rates, Freddie Mac found.
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The top five banks had a combined wholesale volume of more than $20 billion at the end of 2024's fourth quarter.
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I have created a contract which spells out the duties and responsibilities of my new assistant.
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Want to see a CFPB audit exam of a mortgage banking firm? As they say in Brooklyn, forgetaboutit.
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When it comes to certain things in the default industry, many folks seem to equate leading edge with anything paperless. Nowhere is this more true than in REO invoicing.
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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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