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Such exchanges are neither easy nor cheap and the key to any effective transfer process is accurate loan file information, writes Paradatec's director of professional services.
June 10Paradatec Inc. -
At the Mortgage Bankers Association Secondary Conference this week, issuers noted their concern about rising delinquency levels, accusations of racial bias in lending, and whether regulators in Albany and Washington are preparing a new campaign against “abuses” in mortgage servicing, the chairman of Whalen Global Advisors writes.
May 19Whalen Global Advisors LLC -
The gain on sale in the retail channel dropped by more than half annually, as the wholesale and joint venture channel endured an even tighter squeeze due to competitive pressures
August 3 -
The bank saw a modest increase in net income from the first quarter, as lawsuit settlements tied to the company’s discontinued home lending business and fees regarding an anti-money laundering and securities class action suit continue to limit growth.
August 2 -
The bank produced $1 billion less in originations while its gain on sale fell 49 basis points from the first quarter.
July 28 -
The bank's second quarter production revenue was down 32% from the first quarter, even as volume increased 4%.
July 13 -
The $16 billion Champion Mortgage portfolio sale follows Ocwen Financial’s purchase of different assets from MAM a few weeks prior.
July 6 -
The alternative minimum tax would challenge at least one influential nonbank and big depositories, according to a new Keefe, Bruyette & Woods report.
June 7 -
The plan "is part of a larger democratic attack on home ownership that includes an increase in the taxes on capital gains as well as an end to 1031 exchanges for the sale of property," writes the head of Whalen Global Advisors.
May 27Whalen Global Advisors LLC -
The transaction goes a long way toward the company’s goal to amass MSRs with a total unpaid principal balance of up to $150 billion.
May 25