R&G Mortgage Corp. has completed the sale of servicing rights and advances on $5.1 billion of agency and government-backed home loans to Banco Popular de Puerto Rico. The sale involved $3.8 billion of Freddie Mac mortgages and $1.3 billion of Ginnie Mae loans. Both companies are based in San Juan, Puerto Rico. R&G Financial is a bank holding company that specializes in banking, mortgage banking, consumer finance and insurance through its various subsidiaries.
A tour of the technology that banking has run on, dating back to Franklin's anti-counterfeit measures and the bank-note bulletin that preceded American Banker.
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.
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.
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.
The government-sponsored enterprise clamped down on project review requirements and certain factory-built home appraisals while loosening other guidelines.
The June jobs report is creating an overhang on economist forecasts for interest rates going forward, especially when combined with recent inflation data.
