Interactive Mortgage Advisors, Denver, is selling a $294 million package of Fannie Mae residential servicing rights. IMA, one of the more active brokers of housing receivables, said delinquencies on the portfolio are 2% with the weighted average note rate at 4.69%. The firm declined to identify the seller. Most of the homes backing the receivables are in Illinois and Texas. Seventeen other states are represented as well. The first round of bidding ends late next week.
The ex-CEO began a formal solicitation of shareholders after blaming his initial claims of majority support on information provided by in-house counsel.
As tech facilities push into lower income and rural housing markets, lenders navigate local growth without major impacts on home sales price trends.
Certainty Home Lending named two new executives, while Equity Prime Mortgage welcomed back a familiar face as chief risk officer.
Cyberattacks involving artificial intelligence were up 56% in the past year and added on average $1 million to businesses' data breach expenses.
The president has initiated a for-cause process to remove the Federal Reserve Board governor from office, something only one president has successfully done before. But that century-old precedent may not offer Trump much useful guidance in his quest.
Four new mortgage acquisitions show how companies in home finance are prioritizing advanced technology in what has turned into the year of consolidation.
