After pushback from large nonbank servicers, state examiners will revise pro-posed regulatory standards. Eight large servicers catch a break on stringency.
Seven depository bellwethers have released mortgage origination figures for 1Q21. Overall, production increased from the fourth quarter but the devil is in the details.
The COVID-19 partial claim payment program proposal — without changes to the draft — has been submitted for review to the Office of Management and Budget.
Mortgage companies, which are swimming in cash these days, have made more than $700 million in charitable donations recently. The biggest donors so far: Movement Mortgage and Rocket Companies.
Last week, word began to leak out that Caliber Home Loans was talking to New Residential Investment Corp. about a deal. Turns out, the sale chatter was true.
Though the CFPB wants to allow lenders to continue to use the patch for another 18 months, the PSPA requires Fannie and Freddie to cease buying patch loans as of July 1.
SoftBank places a $500 million bet on the digitization of residential finance by taking a stake in Better.com. Also, mortgage earnings season has begun.