Temple-Inland has announced that its wholly owned subsidiary Guaranty Residential Lending, Austin, Texas, plans to sell its third-party mortgage servicing portfolio."The sale of this asset will further reduce costs, earnings volatility, and exposure to changing market conditions," Temple-Inland said. The parent company said it does not expect the sale of mortgage servicing rights to have a significant effect on its earnings. Temple-Inland, a manufacturer of corrugated packaging and building products with a diversified financial services operation, can be found on the Web at http://www.templeinland.com.
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Elevated delinquency levels have not affected expected losses, however, due to home price appreciation, Fitch Ratings said.
4h ago -
Retail lenders, including Beeline, Tomo Mortgage and Rocket Mortgage, settled with the department over infractions like submitting a false certification to not having the proper liquidity to be in the program.
4h ago -
A pair of bills, one with bipartisan support, look to address the issues around heirs' property so these families can have clear title on their homes.
4h ago -
The agreement, in which the real estate giant admits no wrongdoing, will cover around 70,000 agents.
7h ago -
Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
April 25 -
Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
April 25