Countrywide Servicing Exchange is brokering a one-year bulk forward commitment of $300 million to $600 million of Fannie Mae, Freddie Mac, and Ginnie Mae servicing rights on loans concentrated in the Midwest.The average loan balance is about $110,000 on the conventional loans and $90,000 on the Ginnie Mae product. Bids are due June 17. Separately, United Financial Inc., Denver, is brokering a $51 million portfolio of servicing rights on Freddie Mac loans from Texas. The loans have a weighted average interest rate of 7.61% and an average balance of $66,624. Bids are due June 16.
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The lawsuit accuses the lender of violating 17 sections of the California labor code, including failure to pay all minimum, regular and overtime wages.
July 31 -
Consumers have filed at least 30 such complaints against industry players this year for allegedly violating the Telephone Consumer Protection Act.
July 31 -
In line with broader trends, the GSEs have been putting new limitations on forbearance and putting more of an emphasis on mods.
July 31 -
AnnieMac Home Mortgage will pay 171,074 customers impacted in a 2024 hack, making it the fourth lender in recent weeks to end a class action suit over a breach.
July 31 -
Fannie Mae and Freddie Mac are under directives to make mortgage-backed securities purchases that can exert downward pressure on rates or limit increases.
July 31 -
The Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency issued a joint notice of proposed rulemaking for the Community Reinvestment Act that would tailor requirements for smaller institutions and monitor which groups receive community development grants.
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