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Lower rates during the period helped independent mortgage bankers make money on their originations but they posted losses on servicing.
November 14 -
In a speech, Federal Reserve Gov. Adriana Kugler said sound monetary policy comes when electoral politics are kept out of central banking.
November 14 -
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The incoming Trump administration is expected to prioritize an activities-based oversight approach to nonbank entities, just as the Biden administration has. It may also leave its designation power intact, but unused.
November 14 -
Freedom Mortgage CEO Stan Middleman weighs in on the Fed, servicing policy, and broker-to-banker moves as he comments on challenging career experiences in his new biography.
November 14 -
New Mexico is the state least wanting to refinance, with 369.38 keyword searches per 100,000 people.
November 14 -
A Pennsylvania federal judge ruled that HUD's handbook allowed, but did not require servicers to offer partial claim workarounds in tandem with funds from HAF.
November 14 -
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The study found nonbank lenders charging the highest interest rates and most points, and fintech pricing more in-line with depositories.
November 13 -
The real estate investment trust reported a GAAP loss and thin earnings available for distribution as a result of market shifts that also affected some peers.
November 13