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Ocwen Financial has approximately $749 million of liquidity from various sources to deal with servicing issues arising from the coronavirus, a company press release said.April 3
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Nonbank mortgage employment estimates show payrolls in February leveled off after an unusually strong winter, but anecdotal reports of selective hiring persisted through March amid a broader coronavirus-related drop in U.S. jobs.April 3
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Community banks and credit unions could carve out an opportunity by refinancing mortgages from larger institutions.April 3
Regional Managing Director, SalesFinastra
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One day after the rent was due, all evictions and foreclosures in Florida were suspended for 45 days under a statewide order issued Thursday.April 2
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New York's Real estate agents, home inspectors and residential appraisers are now considered "essential employees," according to the Empire State Development agency.April 2
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Real estate listings are drying up, open houses have been canceled, and buyers are staying home. One more pillar of the Canadian economy is under threat from the coronavirus pandemic.April 2
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Bank employment of mortgage loan officers rose slightly last year, but that was before the coronavirus spread and resulted in social distancing measures that raised questions about broader employment prospects.April 2
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Simply stated, the federal forbearance of mortgage payments is perhaps the largest unfunded public mandate in American history.April 1
ChairmanWhalen Global Advisors LLC
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The latest deadline for Genworth Financial's acquisition by China Oceanwide is June 30, but the parties are looking to get the transaction completed by the end of next month.April 1
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While the housing market will suffer from the COVID-19 crisis, it's stronger than it was in during its last crash in 2008, according to First American Financial.March 31
