Colonial Savings FA, Fort Worth, Texas, was among 10 companies (not 27) to be inducted into Freddie Mac's Hall of Fame earlier this year for achieving Tier One servicing status four years in a row. There were 27 single-family mortgage servicers that achieved Tier One status from Freddie Mac for superior investor reporting and default management in two or more quarters of 2003.
The tool will provide helpful HELOC-related information to customer support staff to streamline the application process, Figure said Thursday.
The five states with the lowest property taxes have an average effective real-estate tax rate of 0.44%.
Ohio-based Liberty Home Mortgage joins several companies who started using a more modernized FICO credit score for nonconforming mortgage originations recently.
The CFPB has dissolved the Office of Supervision, Enforcement and Fair Lending and eliminated the job of associate director in a move that impacts how it designates nonbanks for supervision.
The plan that the Federal Housing Finance Agency floated calls for Freddie Mac to actively invest in some new closed-end seconds as cash-out refinancing subsides.
The push comes amid what one expert highlighted as lax funding efforts for two Department of Housing and Urban Development grant programs.
