Urban Settlement Services of Pittsburgh, which performs loan modifications for residential servicers, said it expects to hire 200 new workers this year. Company chief executive Charles Sanders said the new hires will come onboard over the next five to six months. "The positions will include workout specialists, call center and data operators and other people," Mr. Sanders said. The company, which also has offices in Colorado and North Carolina, presently employs about 150. When its subcontractors are counted, its head count is 600, said Mr. Sanders, a former professional football player for the Pittsburgh Steelers.
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Issuances of new HECM-backed securities dropped off in June on both a monthly and yearly basis, according to a new report from New View Advisors.
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The vote to approve the $12 per share deal, which rejected a hostile bid from UWM Holdings, came following several postponements of a special meeting.
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A mortgage customer claims his data was compromised in a hack last year at a tax and accounting firm reportedly used by the wholesale giant.
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The government-sponsored enterprise clamped down on project review requirements and certain factory-built home appraisals while loosening other guidelines.
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The June jobs report is creating an overhang on economist forecasts for interest rates going forward, especially when combined with recent inflation data.
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The Bureau of Labor Statistics report showed the labor force continued to expand but at a weaker rate than in recent months. The development weakens the case for a near-term rate hike.
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