Interactive Mortgage Advisors, Denver, is offering a $402 million package of bulk servicing rights backed by Government National Mortgage Association guaranteed loans.
The portfolio boasts relatively low delinquencies of 2.66%, and a foreclosure rate of 1%. The seller’s identify was not disclosed.
The loans backing the MSRs are on homes in several different states including New York, New Jersey, Pennsylvania, and Virginia.
The bid deadline is mid May.
LoanDepot will integrate Figure's proprietary credit and loan underwriting engine into its own proprietary mello technology platform and point of sale system.
It doesn't have to be all or nothing, but all paths are complex, capital markets and policy experts in the Treasury Market Practices group say.
The 30-year fixed fell to 6.37% after a two-week ceasefire tempered war-driven volatility, but economists warn the spring housing market faces continued turbulence.
The Mortgage Bankers Association found gains in March for conforming, jumbo and government-sponsored loan indices for the third consecutive month.
An appellate court reversed part of an $8.5 million award for attorneys who secured a $38.5 settlement against the lender in 2023 in a False Claims Act case.
Fintech Candid says its AI-powered newsletter platform can scrape social media and public data to help loan officers send hyper-personalized outreach at scale.
