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At the end of September, Redwood Trust had 49 active residential loan sellers, up from 37 at June 30. It hopes to have 55 (correspondent) sellers by year end.
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Are you a mortgage broker or a mortgage lender? As of August regulations required you to have an AML manual in place to check for and report not only money laundering but also suspicious activity.
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The CFPB and FHFA said Thursday they are teaming up to create a first-of-its-kind mega-database of mortgages to track market trends and support policymaking research.
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Under New York insurance rules, storms must meet agreed upon criteria in order for insurers to charge the additional premiums.
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Overall, guarantee fees are as high now as they have been at any point during roughly the last decade, partly reflecting price increases that Fannie Mae and Freddie Mac implemented in early 2008 as the housing market collapsed.
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At least 50% of large and small banks reported that applications for HARP loans comprised 10% to 50% of their refinancing applications in 3Q.
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Ocwen's share price continues to trade near its 52-week high.
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Ocwen, in late October, entered into an agreement to purchase reverse mortgage banker, Genworth Financial Home Equity Access, Inc. for $22 million in cash.
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The 30-year fixed-rate mortgage reached an all-time low of 3.36% last month, while the 15-year hit a record of 2.66%, according to Freddie Mac.
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MGIC, in some cases, has received waivers of the risk limit to allow it to keep selling policies in certain states.
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