If you’re wondering why the deal is taking so long, it’s because COH is a foreign entity and there are certain regulatory hoops to jump through. When originally announced, the sale was valued at $2.7 billion – all cash…
Historically, Fannie sellers have repurchased far more loans ($49.64 billion) than have Freddie sellers ($29.94 billion). But most of that disparity occurred before 2014…
As we’ve noted before, Calabria is building a dream team of industry vets and policy experts, whose chief task likely will entail working with the Treasury Department on administrative reform…
FHA's Keith Becker: “The industry and most of our lender partners are leveraging this technology now, and we have to find a way to do that as well so we can stay current with the industry’s direction..."
According to HUD’s policy handbook, a non-permanent resident alien is eligible for FHA financing if the property will be the borrower’s principal residence…
In a new investor update filed with the Securities and Exchange Commission, megaservicer Mr. Cooper (Nationstar Mortgage) says it has a tangible net worth ratio of 13.2%, as measured in accordance with standards set by the Federal Housing Finance Agency...