PHH Corp., Mt. Laurel, N.J., has rescheduled an investor call on its corporate "transformation initiative" until next Tuesday due to blizzard conditions in the mid-Atlantic. A top-10 ranked lender/servicer, PHH said the transformation initiative is centered on making it a "more successful, more efficient and more customer-focused company." PHH Mortgage is one of the largest private-label lender/servicers in the United States. Jerry Selitto, president and CEO, will host the conference call along with Mark Danahy, EVP in charge of mortgages, and others.
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Attom expanded its artificial intelligence platform, eLend partnered with Ready4Remodel to increase renovation financing and Keller Williams teamed up with Rejig.ai.
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Several lawsuits filed this year have painted the shared appreciation agreements as misleading, and suggest they should be treated as mortgage loans.
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A series of tornadoes and severe hailstorms across the Central U.S. turned Midwestern states into claims hotspots in the second quarter, according to Verisk.
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The Federal Housing Administration's proposed changes to property standards could open up origination opportunities for lenders comfortable with the updates.
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Zillow said the filing doesn't address any of the issues highlighted in the previous dismissal, and asked the court to dismiss the new complaint with prejudice.
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Almost all five A1 tranches benefit from credit enhancement levels of 26.10%. The A1A tranche, however, has a credit enhancement level of 36.10%.
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