Industry News
Industry News
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Bill Ackman, founder of Pershing Square Capital Management, predicts Fannie Mae and Freddie Mac will be removed from conservatorship within the next two years.
January 2 -
Newrez's servicing arm approved an "obviously counterfeit" HELOC request from a bad actor totaling almost $500,000, a complaint claims.
December 31 -
Products belonging to Amynta Group's newly acquired Crum & Forster platform included coverage aimed at protecting mortgage loan portfolios from borrower default.
December 31 -
Central Mortgage Funding failed to adhere to an earlier consent order imposed for using unlicensed mortgage loan originators.
December 31 -
Plaintiffs argue that Mr. Cooper's hefty payment to Alphv hinged on the promise that the criminal organization would delete stolen customer PII.
December 30 -
In multiple 2024 suits filed against mortgage businesses, the plaintiff claims he was never a client, but received messages despite being on the do-not-call list.
December 30 -
Luminate Home Loans closed its Neo Home Loans division in October after it fired leaders allegedly funneling trade secrets to the rival.
December 30 -
Richard "Dick" Parsons, the former Citigroup chairman who died Thursday, is credited with helping the New York megabank survive the financial crisis. Earlier in his career, he led Dime Savings Bank out of the savings-and-loan crisis.
December 27 -
Loan officers say the main reasons real estate partnerships fall through are poor communication and mismatched expectations.
December 27 -
Proceeds from the sale will be used by HomeStreet to pay down Federal Home Loan Bank advances and brokered deposits.
December 27