Loan Resolution Corp., Scottsdale, Ariz., said it has hired 50 new employees because demand for its short-sale services is skyrocketing. LRC said the new hires were added in the third quarter. The company also said it is relocating its headquarters to a larger 30,000 square foot space in another office building. "The explosive growth of our company is a direct result of the added demands from servicers," said company chief operating officer Travis Olsen.
The move may have been related to the government-sponsored enterprise's duration gap but could also have resulted from many other considerations.
The lawsuit is the third against a California-based mortgage company this month after revelations of another early-2026 incident at a wholesale lender.
The Bank of International Settlements compared the recent AI investment frenzy to the canal mania of the 1830s, the British railway craze of the 1840s and the dot-com boom of the late 90s.
Fake jumbo mortgages are helping non-agency securitization growth, but these loans could have higher than expected delinquency rates, an analysis said.
Of the alternative documentation used, bank statements looking back 12-23 months, accounted for 41.6% of that group.
The Supreme Court found that President Donald Trump did not provide Lisa Cook requisite due process when he sought to remove her from the Fed last year, and for that reason denied the White House's motion to remove her immediately.
