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Ginnie Mae, at the urging of the mortgage industry, has revised the wording of the acknowledgment agreements necessary to finance servicing rights. It hopes the move improves Ginnie MSRs' liquidity.
December 21 -
The distressed $149.4 million loan that backed UBS Group AG's giant trading-floor complex in Stamford, Conn., is up for sale, according to a person with knowledge of the offering.
December 21 -
Smaller companies that perform servicing are rapidly growing their loan portfolios and not just in the default servicing space.
December 20 -
Two former executives of the failed GulfSouth Private Bank in Destin, Fla., and another man have been indicted on federal charges of defrauding the Troubled Asset Relief Program of $7.5 million.
December 19 -
PHH Corp. plans to close a Buffalo, N.Y.-area office next year, which will result in the layoff of 80 employees, extending the staff reductions already taken in 2016.
December 16 -
Although Steven Mnuchin has close ties to Wall Street and was involved in some contentious deals, Democrats face an uphill battle making the case that those connections disqualify him to serve as Treasury secretary.
December 16 -
The largest month-over-month decrease in foreclosure filings since November 2010 occurred last month, according to Attom Data Solutions.
December 16 -
JPMorgan is returning to a familiar structure as it again pools large-market prime jumbo mortgages for investors in collateralized residential mortgage loans.
December 16 -
Mortgage industry hiring and new job appointments for the week ending Dec. 16.
December 16 -
A regulatory 2017 scorecard for Fannie Mae and Freddie Mac calls on the firms to transfer a significant portion of credit risk to third-party private investors on at least 90% of unpaid principal balance of newly acquired single-family mortgages.
December 15