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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Non-QM securitizations hit $78B as lenders ease guidelines to capture unserved borrower demand, even as total impairments rise for the 10th time in 13 months to 6.27%.
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Berkshire Hathaway's HomeServices is adding mortgage servicing to Prosperity Home Mortgage. The move locks purchase borrowers into its ecosystem, cutting off external lenders from future refi retention opportunities.
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The fee was to be paid by users who still needed short-term access via software developer kit interfaces to Encompass after the scheduled Dec. 31 sunset.
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The Bureau of Economic Analysis reported that the personal consumption expenditures, or PCE, price index rose 3.7% from a year earlier, indicating that inflation remains above the Federal Reserve's target.
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Data moving outside of physical documents in the secondary mortgage market is adding millions to costs per year, according to the Housing Policy Council.
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The lender is seeking a temporary restraining order on its founder to halt his shareholder rally, suggesting he could complete his corporate takeover soon.
August 26








