Properties with default notices, scheduled auctions and REOs are up by double digits compared to last summer as buyers are mired in a high-cost environment.
The top five lenders have an average wholesale origination volume of more than $5 billion.
The servicer said it entered into the consent order "without admitting any wrongdoing, to avoid the expense and distraction of litigation."
Manish Naik serves as the President of Cigna Healthcare's Dental and Vision benefits products. The business currently serves over 17 million customers across the United States. In this role he is responsible for network strategy and development, product strategy and development, provider relations, sales operations, innovation, and clinical execution.
The lender reported $33.3 million in net income in the third quarter this year, up from the second quarter and same period a year earlier.
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Washington, D.C. and Denver lead the country with the largest share of mortgaged households, and will likely soon see a shift in buyer demand, Realtor.com said.
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The recent decline in mortgage rates and rising incomes helped improve buyer affordability, but record home prices remain formidable obstacles.
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Since the first day of the meeting, the 10-year Treasury yield has increased 16 basis points, with mortgage rates rising as a result, various trackers showed.
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Federal Reserve Bank of Kansas City President Jeff Schmid said that the central bank should continue its focus on curbing inflation, as the job market is "largely in balance."
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The push by some Trump officials to bring charges against James had stalled as former U.S. Attorney Erik Siebert determined their wasn't enough evidence.
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The real estate agent's guilty plea is the first under the law passed last summer, following thousands of deed theft complaints in the past ten years alone.
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The Department of Housing and Urban Development found recently that a Federal Housing Administration down payment assistance program translated to higher mortgage rates for borrowers.
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Regulators have given the merger between CIT Group and OneWest Bank the green light so long as CIT comes up with a revised Community Reinvestment Act plan. This condition is good news for the low-income communities impacted by the merger and sets a strong precedent for regulators' review of future bank deals.
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The government-sponsored enterprises are buying conforming mortgages with as little as 3% down, but the new policy can't improve the housing market by itself.
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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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