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Banks are dumping their mortgage servicing rights because low rates and new rules make it hard to earn a profit. SunTrust, Flagstar and First South Bancorp in North Carolina are taking the opposite view.
September 22 -
Mortgage loan officers keep an eye on the long game, but making a sale is more than the sale; ushering people through the biggest purchase of their lives requires the ability to maintain relationships over time.
September 22 -
Contrary to expectations about growing mortgage lending volumes, current industry trends suggest a gradual reduction in capacity for both lending and servicing that should alarm policymakers.
September 21Whalen Global Advisors LLC -
Xenith Bankshares in Richmond, Va., is getting out of the mortgage origination business.
September 19 -
The Consumer Financial Protection Bureau can determine nearly anything to be an unfair, deceptive or abusive act or practice, and it's more likely to do so when lenders try to take advantage of regulatory loopholes.
September 15Offit | Kurman -
American Homes 4 Rent has repaid the $342 million loan that serves as collateral for its first securitization of single-family rental properties.
September 14 -
A fintech startup called Point is allowing consumers sell a piece of their home equity to investors, rather than borrowing against the value of their houses.
September 13 -
From gathering information on buildings to complex income and asset profiles of buyers, loan officers in New York have many bases to cover and hurdles to leap. Debra Shultz of Guaranteed Rate makes it look easy.
September 12 -
Ocwen Financial Corp. failed two compliance tests related to force-placed insurance during the fourth quarter of 2015, according to the monitor of the National Mortgage Settlement.
September 8 -
Depositories still dominate home lending, but nondepositories' market share is the highest it has been in at least two decades. Here's why.
September 6