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US states from Florida to North Carolina and Texas would likely hold onto top-notch credit scores from Moody's Ratings, mostly because they're in better fiscal shape than the federal government itself.
May 18
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Rocktop Management anticipates rising loan origination volume and increasing borrower distress, driving more servicing sales — key reasons behind its acquisition of Incenter Capital Advisors.
May 16
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Lenders using an automated process can save up to $1,500 per loan but do they have the capacity to pass those through to applicants as the FHFA director asks?
May 16
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The government-sponsored enterprise is retiring a technology platform used for loan workout reporting and giving mortgage companies a deadline for leaving it.
May 15
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The closely watched case centers on bank allegations the government corporation promised certain reverse-mortgage assets in return for funding then reneged.
May 14
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The first quarter showed a narrowing in the market share spread between the six active underwriters, but that was before April's economic uncertainty.
May 9
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Agency mortgage backed securities have slipped about 1.1% since the start of April, trailing Treasuries and the broader US bond market.
May 9
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The reverse mortgage division reported a loss due to hedging costs but on a net basis the company proved profitable ahead of peak market disruption in April.
May 8
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Much of the increase came from the wholesale channel, where margins were thinner, leaving them flat on for the origination unit on a sequential quarter basis.
May 6
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The company took a break from securitization during the first quarter but was able to get a deal done shortly after the fiscal period ended.
May 5
