Credit-Based Asset Servicing and Securitization LLC, a specialty servicer controlled by mortgage insurance giants MGIC and Radian, agreed in March to acquire Fieldstone Investment Corp., Columbia, Md., for $4 a share under an amended purchase agreement. A recent item referred to the fact that Fieldstone had put itself on the auction block late last year, leaving the erroneous impression that it was still for sale.
The two major government-related mortgage buyers' clarifications on real estate commissions take a path similar to that of the Federal Housing Administration.
While newly constructed home mortgage applications rose both on a monthly and annual basis, the gains were slower than typical.
Sens. Elizabeth Warren, D-Mass., and Richard Blumenthal, D-Conn., detailed how New York Community Bank grew to exceed the $100 billion threshold that triggers tougher bank requirements and set the bank on a path to market turmoil via a series of deals that were approved, in part, by the Office of the Comptroller of the Currency.
The mortgage lender is requesting for a former VP of Mortgage Lending to pay back over $500,000.
The Supreme Court ruling on tax foreclosures could improve servicer recoveries but it's also giving some jurisdictions pause as they look at how to interpret it.
The former Realtor says a lack of teamwork between real estate agents and lenders in today's climate could compromise buyers and sellers.
