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Select Portfolio Servicing grew its mortgage servicing rights portfolio by over 14% in the second quarter by targeting opportunities in the nonagency loan market.
October 5 -
The Louisiana company also set aside funds to cover efforts to settle litigation tied to its mortgage business.
October 5 -
Incenter Mortgage Advisors is brokering on behalf of an unnamed mortgage banker an almost $10 billion mortgage servicing rights package that includes $870 million in loans with hurricane exposure.
October 5 -
Building off the success of policy changes in 2016, there are now even more ways for mortgage lenders to help student loan borrowers become homeowners.
October 4
Bilt Rewards -
Ocwen Financial Corp. received more breathing room on the legal front as the Securities and Exchange Commission is not pursuing an enforcement action against the company regarding its debt collection practices.
October 4 -
Hurricane Irma will have more of an impact on Ginnie Mae securities than Harvey or Maria, a recent analysis by the government agency shows.
October 4 -
Though FHFA Director Mel Watt stopped short of saying he would break with a Treasury agreement that forces all profits of the GSEs to go to the government, he emphasized that it couldn’t continue indefinitely.
October 3 -
Fannie Mae and Freddie Mac's regulator may have a travel kerfuffle of his own.
October 3 -
CMG Financial is trying out a platform that gives borrowers the ability to raise funds for down payments in conjunction with Fannie Mae loans.
October 3 -
Competition in other areas of consumer lending has driven both VantageScore and FICO to build credit scoring models that are more accurate and more consumer-friendly. Permitting that competition in the mortgage market can increase certainty for lenders and transparency for investors.
October 2
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