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 serial entrepreneur, who also created Rapid Reporting and American Transfer & Trust, plans to remain active in industry causes, a LinkedIn post said.
September 18 -
Almost 45% of buyers received a seller concession this summer, while more than 15% saw a reduction in the asking price to go along with it, according to Redfin.
September 18 -
With 55% of homeowners planning to renovate rather than relocate, demand for home improvement capital will be strong even if the purchase market slows further.
September 17 -
Last week's bond market turmoil continued leading up to the FOMC decision on Wednesday, pushing the 30-year fixed to near or over 7%, depending on the source.
September 17 -
The Securities and Exchange Commission said Rule 14a-8 exceeds its statutory authority and intrudes on matters of state law. Shareholder advocacy groups, however, argue that repealing the rule could reduce transparency.
September 17 -
Brian Johnson's nomination to lead the Consumer Financial Protection Bureau advanced to the full Senate Thursday morning in a party-line vote.
September 17










