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LenderLive Network is expanding its correspondent lending channel by offering to buy jumbo mortgages from members of the Independent Community Bankers of America.
June 11
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By obtaining a third-party opinion that provides a reasoned analysis supporting borrowers' ability to repay, a lender places itself in a substantially stronger position with respect to subsequent ATR claims.
June 10
Offit | Kurman -
The Legg Mason unit plans to buy mortgages made to self-employed borrowers who may not have the documentation for qualified mortgages as well as interest-only loan.
June 9 -
WinWater Home Mortgage is planning its first sale of bonds without government backing.
June 6 -
The regulator wants to ensure the government-sponsored enterprises set guarantee fees at a level that turns a profit after covering the cost of capital, administrative expenses and expected credit losses.
June 5
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Ocwen Financial Corp. will no longer require distressed borrowers involved in litigation with the mortgage servicer to sign nondisparagement agreements as a condition for receiving a loan modification, New York's banking regulator said Wednesday.
June 4
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An appeals court on Wednesday voided a controversial decision in 2011 by New York Judge Jed S. Rakoff, saying he erred in scuttling a $325 million settlement between the Securities and Exchange Commission and Citigroup.
June 4 -
Bank executives see opportunity in selling MSRs and servicing the loans for the buyers.
June 4
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Fairholme Capital Management sold $51 million in the common shares of mortgage financiers Fannie Mae and Freddie Mac to activist investor Carl Icahn, according to a court filing.
June 4 -
Western Asset Management Co. is helping to resuscitate the market for mortgages not backed by the government.
June 3
