Besides the investment, Citi was also the sole bookrunner on Vontive's first-ever securitization, made up of $150 million of residential transition loans.
In the wake of the Surfside condo collapse, Freddie Mac and Fannie Mae instituted stricter rules regarding the soundness of this crucial form of housing stock as it ages. In response to complaints about a lack of clarity on buildings deemed unfit for financing, the GSE unveiled plans to improve transparency for both homeowners associations and lenders.
The New Jersey-specific case could be a sign of how the combined effect of federal debt-collection rules and state regulations may further complicate a compliance-sensitive environment for the industry.
The 30-year fixed rate mortgage had its largest decline in a year as it is universally anticipated the Federal Open Market Committee will cut short-term rates.
The White House has appealed a D.C. District Court ruling allowing Federal Reserve Gov. Lisa Cook to remain on the Fed board pending the outcome of her challenge to President Trump's moves to fire her.
-
Kevin Wall abruptly left his job at one of the largest title underwriters to head up the nation's fifth largest holding company in the field.
-
Treasuries tumbled after a stronger-than-expected jobs report for June prompted traders to exit bets on an interest-rate cut by the Federal Reserve this month.
-
The market for buy-before-you-sell financing Flyhomes helped pioneer has developed to include new entrants, but it also is seeing sluggish buyer demand.
-
Newrez is suing Shellpoint Mortgage Servicing LLC for using a name that looks like one it has utilized as a d/b/a, which it says has caused confusion.
-
ALTA, MBA and CHEP trade groups make new appointments, Sagent welcomes cybersecurity executive and Ocrolus adds mortgage tech expert for new business unit.
-
The president and his allies have stepped up their verbal attacks on the Federal Reserve and its chairman in recent weeks, and while the tough talk has not changed policy, it has sent a clear message to the financial sector.
- 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.
-
A publicist has some tips for overcoming a fear of public speaking, which is one of her own fears.
-
The Federal Housing Administration is handcuffed but Fannie Mae and Freddie Macs new regulator is expected to favor broader mortgage financing terms for borrowers.
-
There are certain compliance requirements/items that a lender should have done already (or should do immediately) given the January deadline for regulatory change that is almost upon the industry.
-
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
