HUD announces 2025 loan limits; FHA finalizes cyber incident reporting requirement updates; UWM removes LLPA for government loans; and more news in brief.
An affiliate of Proprietary Capital won some significant rulings this week in a lawsuit against Mr. Cooper. The dispute involved early buyouts from Ginnie Mae MBS.
Acra Lending is just one of many businesses that are controlled by New York investment giant HPS. But now that BlackRock is buying HPS, what might the future hold for the non-QM lender/servicer?
Increasing investor demand and a need for insurance companies to diversify risk has led to growing interest in the insurance-linked securities market and catastrophe bond issuance.
Subservicing balances are declining across the spectrum, but not all vendors are suffering. Cenlar remains the market leader, but Mr. Cooper, ranked second, is no slouch. (Includes data table.)
A provision in the proposed rule that would limit sales of “credit header” information only to users who have a permissible purpose to obtain it would restrict the ability of lenders to advertise mortgage products.