The anti-evasion exception introduced during the Covid-19 pandemic provided servicing flexibility to help borrowers struggling for many reasons, ABA said.
The figures indicate the resale market is breaking out of a protracted slump due to high mortgage rates that discouraged homeowners from moving.
Mark Calabria, who oversaw the two government giants under Trump and was fired by the Biden administration, said in a recent interview that the government-sponsored enterprises are once again at risk of insolvency.
Larry Mohr, CPA, MBT, is a tax principal with
The deal for the Class A office building owner will be funded from Rithm's cash as well as liquidity on the balance sheets, plus possible co-investors.
-
When customers accepted lower rates, the lender drastically slashed its originators' compensation or cut it altogether, the lawsuit claims.
-
Recently revived plans for broader use of the repositioned common-securitization platform for monetization purposes may hearken back to past concepts.
-
A spike in the bank's noninterest income powered its better-than-expected net income and revenue in the second quarter.
-
States warn that eliminating the BRIC program could leave rural areas vulnerable to extreme weather.
-
The Federal Reserve, Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency proposed a rule that would revert the anti-discrimination framework to its 1995 standards.
-
Supreme Court rulings and provisions in the recently passed budget bill are bolstering the legality of the administration's effort to fire more than 1,000 employees at the Consumer Financial Protection Bureau.
- Daily BriefingDelivered Every WeekdayIdeas that impact your business delivered to your inbox every day.
- Origination BulletinDelivered Every WeekdayHeadlines, marketing tips, and opinions for loan officers and origination sector professionals.
- Servicing BulletinTuesday, ThursdayInsights and perspectives for the mortgage servicing professional.
- Technology BulletinThursdayA roundup of the latest headlines and opinions on the mortage technology sector.
-
Brian Scott Cohen of Wells Fargo's Brooklyn, N.Y. office is now the provisional leader in Origination News' 2013 Top 200 loan officer survey.
-
Loan modifications continued their dominance as the primary method for foreclosure prevention in 2013, both through government-driven and proprietary servicer programs.
-
Many conversations in the loan process start with this often uttered, never welcome phrase: "I am going to need an explanation " If you were on the receiving end of that message, how would that make you feel?
-
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
-
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
-
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.
-
Partner Insights from Figure -
Partner Insights from Figure -
Partner Insights from Figure - Partner Insights from Hyland
