Servicing

The Federal Trade Commission became able to distribute more than $1.2 million after a legal battle in which a Supreme Court decision came into play.

Both companies saw their stock rating cut because of their current valuation, similar to why Rocket's was previously dropped. They declined comment on the move.

The company has linked tradeline information to lien data in ways designed to help mortgage portfolio managers keep pace with property values as they change.

Mike Weinbach, a former Wells Fargo and JPMorgan leader, will replace president Chris Marshall who's expected to retire at the end of this year.

The company took on the established vendors with its LOS. It's now officially starting to fulfill its longtime plan to do something similar with servicing tech.

The warnings come as more than $1 trillion of multifamily debt is due to mature through 2028, potentially leading to increased defaults and losses for banks and bondholders.

If convicted, spouses Noreen Khan and Chistopher Mayberry face five years in prison and a fine of up to $250,000 as well as forfeiture of their home.

Consumer delinquencies Vantagescore tracked during November generally were above pre-pandemic levels as shopping season began. Mortgages remained the exception.

The delinquency rate that Kroll Bond Rating Agency tracks improved last month but JER's recent Chapter 11 filing and 2024 forecasts suggest it's still under pressure.

The agency reconfirmed the new nonbank capital rule won't become effective until late next year after inadvertently publishing an update with an earlier date.