It appears that the Federal Deposit Insurance Corp. has picked a winning bidder on the $23 billion AmTrust residential servicing portfolio being offered through Milestone Partners. At press time details were sketchy, but a fast growing bank player in mortgages (whose name I know but I need to confirm) wound up with most of the portfolio. Stay tuned. Meanwhile, it appears that Fannie Mae/Freddie Mac foreclosures are on the rise. (See our website for more details).
ICE dropped its post-Dec. 31 SDK access fee as migration lags. Audit plugins, get written confirmation from ICE, budget for dual-running and weigh API-native rivals.
Given current rates are higher than the MBA and Fannie Mae forecasts, the industry could see further downside risk to the housing outlooks in October.
The latest runup alarmed lenders but offered some new servicing opportunities unique to this market that can benefit both sides of the business.
The serial entrepreneur, who also created Rapid Reporting and American Transfer & Trust, plans to remain active in industry causes, a LinkedIn post said.
Almost 45% of buyers received a seller concession this summer, while more than 15% saw a reduction in the asking price to go along with it, according to Redfin.
With 55% of homeowners planning to renovate rather than relocate, demand for home improvement capital will be strong even if the purchase market slows further.
