Mortgages

The company's closure comes in a year when it touted successful capital investments but also faced growing legal scrutiny.

Pressing items in the mortgage industry include a behind-the-scenes look at the issues plaguing USAA, a recent lawsuit at Movement Mortgage and more.

Plaintiffs want to certify a class of 119,100 minority mortgage customers who were unfairly deprived of ultra-low mortgage rates during the refi boom.

The top five lenders have an average retail mortgage origination volume of nearly $7 billion, as of the end of the third quarter.

The wholesale lender introduced two new products to brokers and a $800 million debt offering to drum up cash.

Delinquent borrowers in areas hit by Hurricanes Helene and Milton will get a few additional months to find solutions before servicers can resume legal actions.

The share of underwater mortgages also grew for the first time in almost two years during the third quarter, Corelogic found.

Plaintiffs have so far failed to prove the government-sponsored enterprise authorized the $25 expedited payoff quote in question, the magistrate ruled.

Total jobs and nonbank industry payrolls saw gains, but unemployment increased on a net basis too in what's been a volatile bond market.

The average cost for a loan seller to buy back a mortgage from Fannie Mae or Freddie Mac for defects is over $32,000, a study from Reggora and Stratmor found.