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Delinquencies will rise due to the severe effects of the pandemic on the commercial property sector, Fitch said.
September 30 -
Through Operation Corrupt Collector, the bureau is coordinating with over 50 other state and federal agencies to target firms for wrongdoing and inform consumers of their rights
September 29 -
The net share of mortgages in Ginnie Mae securitizations with suspended payments appears to be stabilizing, but the number of new requests creates doubt about whether it will subside.
September 29 -
Frank Pallotta sold Wall Street services to lenders and later helped create programs to help underwater borrowers. Now he's running to represent a district both parties fight hard over.
September 28 -
Called it a better all-around process for United Wholesale Mortgage to become a publicly traded company.
September 25 -
Twelve people were charged in a scheme regarding the creation of 100 fraudulent mortgages in Georgia, according to the HUD inspector general.
September 24 -
Weeks after Rocket Cos. launched its own IPO, the wholesaler is merging with a special-purpose acquisition company in a deal that values it at over $16 billion.
September 23 -
Some homeowners who sought relief as a result of COVID-19 may owe a lump sum when their forbearance period ends, according to a report from the Committee for Better Banks. The group is calling on banks to instead extend the repayment periods for affected customers.
September 22 -
The percentage of borrowers who have asked to temporarily suspend payments due to coronavirus-related hardships is down overall, but in the Ginnie Mae market, they're still inching up.
September 21 -
Taylor, Bean & Whitaker's former chairman and CEO, Lee Farkas, led a $2.9 billion mortgage fraud scheme during the housing crash but was released early from prison due to susceptibility of COVID-19 transmission.
September 18