The confidential agreement comes two years after a federal jury awarded the subservicer $22.6 million in damages in a case with numerous competing claims.
The bank acquired these business purpose non-qualified mortgage loans originated by Civic Financial Services in the PacWest Bancorp deal.
The gain of 3 percentage points in 2022 reinforced industry calls for the agency's mortgage insurance premium to be slashed when the current fiscal year federal budgeting process is completed.
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Finance of America and Hilltop Holdings, parent of Primelending, are joining the exchange which Intercontinental Exchange relocated from Chicago.
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Mortgage industry leaders say technology, whether in training or implementation, isn't effective without consistent, thoughtful human guidance.
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Product and pricing engine provider Optimal Blue has rebranded almost two years after the company was sold by Black Knight to Constellation Software.
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Forty-one former employees of Fannie Mae on Wednesday sued the company, its chief executive and Federal Housing Finance Agency Director Bill Pulte for alleged defamation related to their dismissals in April.
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Between rising home costs and the end of mortgage relief programs, many homeowners are struggling to stay above water, especially in the South and West.
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Delinquencies within the segment eased from the first quarter to the second, but prepayments increased, Morningstar DBRS reported.
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Though there is still a year for mortgage lenders to get in compliance with the Consumer Financial Protection Bureau's document changes, the perils of missing that deadline are considerable.
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Building awareness and trust in your company helps to get new customers.
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The overall message that mini-correspondents were intended as transitions, not permanent business models means that the loan channel would be examined for consistency with the intended purpose.
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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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