Genworth Financial, Richmond, Va., now has a definitive agreement to purchase InterBank FSB, Maple Grove, Minn. The transaction was first announced on Nov. 16. Among the conditions for the transaction continues to be the approval of Genworth to participate in the Troubled Asset Relief Program. InterBank is a subsidiary of Aurora Services Corp. Aurora was represented by Sandler O'Neill & Partners LP and the law firm of Patton Boggs LLP. Terms of the deal were not disclosed.
HUD said its Office of Fair Housing and Equal Opportunity has reduced a Biden administration case backlog by 27% and accelerated investigations.
Bill Greenberg and Mat Ishbia held a video chat on June 11. The companies disputed the outcome, but in the end, UWM did not make a new proposal for Two Harbors.
Third-party originators support tightening some standards but say greater flexibility and coordination could help the market avoid disruption.
But moderating price growth and friendly building policies in many markets hint at emerging affordability for aspiring buyers, Zillow said.
On a year-over-year comparison, title underwriters produced 15% more premiums in the first quarter, as mortgage rates briefly fell under 6% in February.
The government-sponsored enterprise has provided language that servicers may utilize in situations involving temporary interest-rate buydowns.
