Mark Korell, who once headed the nation's largest mortgage banking firm, has joined JPMorgan Chase and will assist the bank in regard to what he calls "cross strategies" tied to its correspondent lending group.Mr. Korell confirmed that he's joining JPM, but offered no other details on what exactly he'll be doing for the company. JPM is the parent of Chase, both the nation's third largest residential funder and servicer.
A record percentage of homeowners renewing their insurance policy saw their fee decrease, up from 7.4% last year, according to Matic's mid-year trends report.
The new Stratmor study sizes up a part of the business that has become an acquisition target and examines what players who use third parties to service want.
The Mortgage Bankers Association says the three-day post-close period is redundant, but consumer groups called it vital for borrowers and required by law.
Homeowners won't trade in their cheap mortgages so lenders keep finding other ways to reach that equity. Bond buyers keep showing up.
The filing alleges TWO executives engaged in a "stealth mission" to get the deal canceled, including subverting participation in a March shareholder vote.
One of three Federal Open Market Committee members to vote for a higher federal funds rate last month, the Cleveland Fed president is undeterred by the labor force decline in July.
