Washington Mutual, Seattle, has announced the grand opening of three home loan centers and a loan processing center in Houston, the latest phase in its joint commitment with former basketball great Earvin "Magic" Johnson to boost homeownership in underserved communities.The openings also mark the beginning in Houston of Solid Start, a free, four-part financial education and credit building program available in English and Spanish. WaMu said it has now opened 21 home loan centers in seven cities across the country in conjunction with Johnson Development Corp., of which Mr. Johnson is chairman and chief executive officer. Six more are scheduled to be opened this year in Miami, Chicago, Newark, N.J., and Rialto, Calif.
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The national delinquency rate rose 15 basis points to 3.5% last month due to a calendar anomaly, marking a 4.5% month-over-month incline and 9.4% annual change.
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ICE launched a fraud detection tool for underwriters, Newrez partnered with Matic and Rate announced a free home equity monitoring tool this month.
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Nearly one-third of states now have official nonbank standards for liquidity, capital and corporate governance that firms over a certain threshold must meet.
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KBW now rates UWM as outperform, and BTIG calls the stock a buy, but both cite high leverage levels and industry macro trends depressing its stock price.
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If approved, the deal can provide relief for the approximately 662,000 individuals affected by an incident at the mortgage vendor last November.
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Properties outside of the 100-year flood zone exposed to $375 billion to $1 trillion in losses, Moodys reports
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