Finance

While there was a small uptick in missed payments for multifamily loans, the rate remained in the same area it's been at for the last year, according to the Mortgage Bankers Association.

The digital title insurance, closing, escrow, and recording services provider has now raised a total of $110 million in funding.

Federal Reserve Vice Chair Randal Quarles has made it clear that banks failing to make the transition away from the benchmark rate could face supervisory consequences.

The steady pace of refinance activity has also continued, as borrowers seek to take advantage of sub-3% rates.

The former senior vice president and credit officer takes over the role that Andrew Bon Salle left at the end of 2020.

DeVito takes over on June 1, replacing interim CEO Mark Grier, who returns to his seat on the government-sponsored agency's board.

The company, on the cusp of going public via a merger, recently added Wells Fargo to its client roster.

The cloud-based mortgage closing platform’s Series D round earned $150 million for the company.

The transaction goes a long way toward the company’s goal to amass MSRs with a total unpaid principal balance of up to $150 billion.

The company provides a secondary market outlet for its retail and wholesale lending corporate sibling as well as for small balance commercial loans.