Dutch bank ABN Amro Holding NV is entertaining offers for its U.S. mortgage division, industry sources have told MortgageWire.A spokesman for ABN Amro Mortgage, Ann Arbor, Mich. -- the nation's eighth-largest servicer, with $220 billion in receivables -- declined to discuss the matter, citing a company policy not to comment on "rumors and speculation." One investment banker told MW that, "I don't know how formal the process is, but it's definitely out there." (For full details, see the Nov. 6 issue of National Mortgage News.)
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AD Mortgage sent a letter to the FHFA explaining the importance of the limited review process in facilitating access to conventional condo financing.
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With margins remaining compressed, Bill Cosgrove sees mortgage industry consolidation continuing in the near future, and Union Home will be a player.
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The large nonbank mortgage company is replacing a multibillion-dollar facility it took out last year before the Mr. Cooper and Redfin deals closed.
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Lenders are still frequent targets of the class action complaints over unwanted mortgage solicitations, violations that have netted litigants big paydays.
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Cities in two southern states dominate the list for real estate, affordability, and quality of life, according to WalletHub.
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Jay Farner takes a majority ownership stake in Detroit's professional soccer franchise through the investment group he launched after leaving Rocket in 2023.
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