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The company's shares jumped after it reported quarterly revenue that wasnhelped by a better-than-expected period for its core advertising business.
February 16
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Non-depositories now dominate home lending, but many of these firms were untested until they had to grapple with the current rising rate environment. How they fare could significantly impact the rest of the mortgage market and, more specifically, the Government National Mortgage Association.
February 16
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The company had asked that the case be dismissed given its similarity to previously settled claims. It's weighing an appeal.
February 15
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All six companies were profitable in the fourth quarter and the full year, but had far less new volume than in 2021.
February 15
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The government-sponsored enterprise expects a "moderate recession" in the first half of 2023.
February 14
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Executives at the company said building special-servicing capacity will help the company brace itself for a potential change in the credit cycle.
February 10
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The company, which recorded positive comprehensive income based on unrealized RMBS gains, sees potential buying opportunities in bulk mortgage-servicing rights amid a wave of sales by Wells Fargo and others.
February 9
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The company's mortgage operations posted a $24 million pretax profit thanks to servicing, while loan production saw a loss.
February 8
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The company's controlling shareholder wants to replace former HUD Deputy Secretary Pam Patenaude on its board with title company executive Steve Ozonian.
February 8
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Adding pricing considerations tied to debt-to-income ratios, which frequently fluctuate, are destined to create problems with borrowers and internal operations, the Mortgage Bankers Association wrote.
February 7
