Industry News
Industry News
-
Saba Capital Management's Boaz Weinstein and his group of billionaire backers again raised their bid for Sculptor Capital Management Inc.
October 25 -
The complaint pins the incident on a former area sales manager and a loan officer who continues to work in the same Ohio market.
October 24 -
The top five servicers that are depositories have a combined unpaid principal balance of more than $1.89 trillion at the end of Q2 2023.
October 24 -
The Alabama bank reported that check fraud resulted in operational losses of $135 million between April and September, including $53 million last quarter. The entire banking industry has been beset by higher levels of check fraud since the start of the COVID-19 pandemic.
October 23 -
As part of its breakup fee, the Old Greenwich, Connecticut REIT will come away with an over 6% interest in its New York counterpart.
October 23 -
The loan, dubbed Homesafe Second, will allow borrowers 55 and older to tap their home equity via a second mortgage.
October 23 -
The median nationwide home price also increased by 2% to a new high of $350,000, according to a report published by Attom.
October 20 -
The suit alleges RESPA violations were committed a decade ago at the company, which is now owned by Mr, Cooper.
October 20 -
The top five lenders have an average total origination volume of more than $9 billion through June 30, 2023.
October 19 -
The types of attacks ranged from malware, phishing and a zero-day hack of a vendor software which has rattled numerous bank and non-bank lenders.
October 19 -
The partner unit of the German software firm will offer its cloud-based lending platform to a range of financial businesses, partnering with Blue Sage and Ranieri Solutions for origination and servicing capabilities.
October 18 -
Och, who left New York-based Sculptor in 2019, said Tuesday in a statement that he wants a Delaware judge to halt the buyout until a rival group led by Saba Capital Management's Boaz Weinstein is able to present its higher bid to shareholders.
October 18 -
The top five depositories have a combined wholesale volume of more than $18 billion at the end of Q2 2023.
October 18 -
The servicer said it entered into the consent order "without admitting any wrongdoing, to avoid the expense and distraction of litigation."
October 17 -
The top five banks have a combined mortgage servicing volume of more than $27 billion at the end of Q2 2023.
October 17 -
Paul Hindman, industry veteran and recruiter, recommends for top executives to be "be humble, quick and over-communicate."
October 17 -
The bank argues federal law preempts a New York state statute requiring at least 2% interest payments on borrowers' accounts.
October 16 -
"We are not selling and giving up what we have worked 27 plus years to build," founder Steve Jacobson wrote.
October 16 -
While the complaint over an alleged improper firing also paints two C-suite leaders in a negative light, company representatives described the allegations as baseless.
October 16 -
Almost 9% of transactions also involved closing agents with inadequate insurance levels, the highest share on record, according to FundingShield.
October 13



















