The Australian-based Computershare Limited – a behind-the-scenes player worldwide in stock registration and trades – has agreed to purchase LenderLive Network, a mortgage fulfillment and secondary marketing vendor, for an undisclosed sum.
Borrowers cited “best interest rate” as the reason they went with a particular lender in only 2.0 percent of purchase-mortgage transactions and 6.0 percent of refinances.
Celebrity Financial, launched earlier this year by industry veteran David Robnett, has closed on its purchase of Midwest Equity Mortgage – its second mortgage deal of the year – but it is far from done as a buyer.
The residential mortgage market took an unusual turn in the second quarter as retail production gained ground under conditions that generally favor third-party channels...
The Senate Committee on Banking, Housing, and Urban Affairs Thursday morning approved Kathy Kraninger’s nomination to become the head of the Consumer Financial Protection Bureau in a party-line 13-12 vote. The Senate Majority Leader Mitch McConnell will have to assign floor time to advance the CFPB nomination...
Freddie Mac Tuesday afternoon announced an approximate $1.45 billion Seasoned Loans Structured Transaction of a pool of seasoned reperforming loans, the largest SLST deal of this year...
The Conference of State Bank Supervisors recently announced that all states and U.S. territories now use a single, common exam to assess mortgage loan originators...
yyang@imfpubs.com Mortgage Bankers Association is concerned that many lenders won’t be eligible for a new 20 percent tax deduction for pass-through entities. Lenders that retain their production in portfolio look to be eligible for the deduction, but there is uncertainty around businesses that originate and sell loans. In a letter to the Internal Revenue Service, the MBA argued companies that finance real estate loans should be able to claim the deduction. See this Friday’s edition of…
RSS