Andrew Martinez joined National Mortgage News in January 2022. He previously worked at Bisnow, covering commercial real estate news in the Boston region, and prior to that, covered the federal court for the Boston Herald. He began his career in 2015 as the sports editor of the Rio Grande Sun newspaper in Northern New Mexico. He studied journalism and political science at California State University, Northridge, where he was the editor-in-chief of the student newspaper.
Twitter: @andrewomartinez
Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
The massive mortgage business saw a first quarter profit mitigated by nearly $300 million in hedging losses.
The threats to companies loom as borrowers face soaring homeowners insurance costs, ex-Ginnie Mae head Ted Tozer explains.
An insurance-indexed debt-to-income ratio could help mitigate borrowers' rising premiums, and help maintain a healthy servicing portfolio, experts said.
The push comes amid what one expert highlighted as lax funding efforts for two Department of Housing and Urban Development grant programs.
The former Realtor says a lack of teamwork between real estate agents and lenders in today's climate could compromise buyers and sellers.
A doctrine giving some executives an extra layer of protection from depositions didn't apply amid conflicting testimony about the leader's actions, a magistrate ruled.
The digital lender disclosed a prolonged low stock price could have forced it to redeem a $528 million convertible note from sponsor SoftBank.
The servicer charges borrowers $25 to obtain a payoff quote statement.
A hedge fund-backed newsroom accused the industry giant of overcharging borrowers by hundreds of millions of dollars through "corrupt UWM loyalist" brokers.
