Oak Street Mortgage, which recently announced the selection of GMAC Mortgage Corp. to subservice its mortgage loans on a private-label basis, is based in Carmel, Ind., not Horsham, Pa. GMAC Mortgage is based in Horsham.
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Plaintiffs seeking class certification claim the bank uses an underwriting system that discriminates against minority mortgage applicants.
8h ago -
Profits in the originations and servicing segment at Newrez drove earnings, while a possible spinoff of Rithm's mortgage operations is still seen as a "work in progress," according to company leaders.
9h ago -
Rep. French Hill, the No. 2 Republican on the House Financial Services Committee, promised bankers Tuesday that he will continue to push back against Biden administration regulators, especially on bank-fintech partnerships and digital assets.
11h ago -
The investment giant said its direct-to-consumer channel will offer ancillary products in preparation for any future refinance environment.
April 30 -
But strong g-fees, a positive credit-loss adjustment and stable home prices bolstered results despite declines in mortgage purchases to lows not seen in some time.
April 30 -
AI is eliminating some of the day-to-day drudgery of a mortgage professional, giving them space to create more success in their career.
April 30