FBOP, a bank holding company whose subsidiaries once owned nearly $1 billion in GSE shares, has joined the ranks of plaintiffs suing the government for destroying the value of those shares. Is it too late?
The Mortgage Bankers Association will welcome in-person attendees to its annual convention for the first time in two years next week. Registrations have surpassed MBA’s target of 3,200 attendees.
Profits (and profitability) drive the decision to sell a mortgage company. Several lender/servicers are at an inflection point or soon will be. In sum, the rest of 2021 should be interesting.
Many lenders have increased their GSE loan limits nearly three months before new official limits come into play. Originating the loans, though, between now and the end of the year isn’t going to be as simple as lenders think.
The CFPB ordered American Advisors Group to pay $1.1 million in fines and refund $173,000 to consumers who the bureau said were victims of deceptive advertising mailers. Some industry attorneys interpreted the move as a sign the bureau is tightening supervision and enforcement.