Origination

Lakeview Loan Servicing is facing eight class action lawsuits from borrowers who claim the company was negligent in protecting their information, including Social Security numbers.

Suburban pushback against a proposal that would have loosened regulations of new units in New York State led to its removal from the state budget.

But it was the second-most successful year ever for IMB originations since the Mortgage Bankers Association began collecting this data in 2008.

Ten-year U.S. yields climbed through 2.75% for the first time since March 2019 as investors priced in the impact of the Federal Reserve’s tightening plan and accelerating inflation.

The company partially backed by Wells Fargo will integrate the technology in its point of sales software, which they say is used by more than 350 institutions.

Purchasers concerned over rising costs are jumping into the market now instead of taking a wait-and-see posture.

The municipality and the bank have been at odds over similar issues in the past, and no agency currently has deposit accounts with the lender.

One company that has responded with a new product thinks it can avoid roadblocks past attempts encountered by coupling automation with errors-and-omissions insurance.

Chief Technology Officer Diane Yu joins a growing number of C-suite personnel leaving the New York-based mortgage lender in recent months.

The government-sponsored enterprise will now accept a written opinion from an attorney in lieu of a policy for some transactions.