It may not be a coincidence: the stock market is selling off yet again (reaching an 11-year low), and traders and investors in 'scratch and dent,' and non-performing loans say there's been a flood of new offerings the past few weeks. One trader, requesting anonymity, said a recent alt-A portfolio sold for about 70 cents on the dollar. Here's the kicker: the loans were performing. The lender sold the package at a loss to "free up his warehouse lines," said the traderâ¦
The Federal Reserve's April financial stability report found that asset valuations remain elevated, even as investors are beginning to demand more compensation for risk amid rising uncertainty around monetary policy.
First American claims Liberty National's owner changed the company's name immediately after a judge held her firm liable for an erroneous wire transfer.
Lender and servicer Loandepot, reeling from a larger loss in the first quarter, could use the potential funds to cover daily operations or repay debt.
Alongside its cloud-based brokerage, the company said the acquisition will transform eXp's existing infrastructure into a multi-model platform.
The opinion that supports national banks' ability to avoid paying interest on certain mortgage accounts in New York is unlikely to be the last word.
The latest offer, 70 cents per share higher than previously agreed to, equals the cash proposal made by UWM Holdings to win over Two Harbors' shareholders.
