The Government National Mortgage Association is expanding its reach internationally, according to its president. Joseph Murin.In what he called a "telling statistic" for his "no frills organization," Mr. Murin told the MBA government lending conference that 48% of Ginnie Mae's issuances currently are being gobbled up by foreign investors compared to 32% a year ago. "The international community loves our bonds," he said.
The company last week introduced a temporary shareholder rights plan to curb any attempt by Garg to use supervoting shares and reinstall himself as CEO.
A pension fund can relitigate claims that Freddie Mac and its leaders misled investors over the government-sponsored enterprise's exposure to subprime loans.
Hometap has asked federal judges in three states to compel arbitration, a move that would preclude class action lawsuits and the accompanying public scrutiny.
All of UMortgage's roughly 275 employees will stay on, including its 246 loan officers and CEO Anthony Casa, who previously had public rifts with Mike Kortas.
The deal with regulators for Redfin to restart its internet listing service is just one more way to help consumers on their home journey, Rocket said.
Under NYSE rules, loanDepot has six months to bring its share price and average share price back above $1, for which it is considering a reverse stock split.
