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Johnson, who currently heads a housing-finance industry group, will take over this summer from longtime president and CEO Richard Hunt.
May 3
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During the pandemic, consumer lenders have found it easier to collect payments because the federal student loan moratorium has made many borrowers more liquid. A plan for blanket forgiveness reportedly under consideration by President Biden could sustain that trend.
May 3
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The transaction is expected to keep revenues flat at the company at a time when mortgage origination volume is shrinking.
May 3
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Fair value increases on existing business and an accounting change made for troubled debt restructurings likely explain why its results contrasted those of competitor Freddie Mac.
May 3
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Alternative financing startup Hometap says it increased its investments in the segment by more than threefold over the past year.
May 3
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Mortgage payments are claiming a bigger chunk of incomes for U.S. homebuyers, who also have to contend with quickly rising prices.
May 3
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The number of suspicious activity reports involving cryptocurrency topped 90,000 in 2021, according to the Financial Crimes Enforcement Network. The reason for the uptick may be that crypto is becoming more mainstream.
May 2
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Nearly two-thirds were willing to make an offer within three days of viewing a house; 20% stated they would do so on the same day.
May 2
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Together, the deals OBX programs will issue about $850.5 million in prime jumbo and non-prime RMBS paper, and are expected to close on May 10.
May 2
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The trend is fueled in part by historic homebuyer affordability challenges and rising interest rates.
May 2
