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The upstart mortgage insurer says the deal will open the door to doing business with hundreds of small and midsize lenders that regularly sell loans to the two aggregators.
March 11
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Hope LoanPort has started new collaborative partnerships with several national organizations to collectively provide foreclosure-related fraud prevention assistance to homeowners.
March 11 -
FBC Mortgage, a unit of the investment bank Sterne Agee Group, is seeking loan referral partnerships with community banks. In a recent deal it also hired HomeBanc's mortgage personnel.
March 11
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The Mortgage Forgiveness Debt Relief Act played a key role in helping underwater homeowners keep their homes after the crash. But it may also have unwittingly encouraged strategic default.
March 11
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Sens. Tim Johnson, chairman of the Banking Committee, and Mike Crapo, the top Republican, laid out a preliminary bipartisan agreement on housing finance reform after months of deliberation.
March 11
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Fannie Mae and Freddie Mac could return $179 billion in profits to taxpayers over the next 10 years if they continue operating under federal conservatorship, according to White House budget analysts.
March 10 -
Keith Pedigo, who led efforts to modernize the Department of Veterans Affairs home loan guarantee program, has joined The Collingwood Group, founded by a former FHA commissioner.
March 10 -
The bank likely was worried about dealing with sellers who did not have the net worth to buy back loans.
March 10
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USMI, successor to the Mortgage Insurance Cos. of America, says its top priority is to make sure whatever system replaces Fannie and Freddie uses at least as much private coverage.
March 10
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A former managing director at the New York investment banking firm Jefferies & Co. has been convicted of multiple offenses involving a scheme to defraud customers trading in residential mortgage-backed securities.
March 10
