Fun fact: Among the top 10 wholesalers, not one is a depository…

The acquisition includes Cohen’s servicing and asset management clients and roughly 120 employees.

RE/MAX said the cost is expected to have a “negligible” impact on the firm’s earnings for the third quarter...

Invesco, which is based in Atlanta, holds the shares on behalf of clients...

Lenders are minting money these days, servicers not so much...

That leaves the supervision of these cloud contractors up to Fannie and Freddie themselves.

Mining for gold in the hills of the mortgage vendor community? Hey, isn't that Bill Foley?

The downgrade was prompted by JPM's use of Fannie Mae's Collateral Underwriter and automated valuation models.

As one vendor put it: “Loss mitigation was behind the scenes for a while because everyone was saying that foreclosures are low and bankruptcies are stable. Well, that’s not the case anymore."

The SPAC, which carries the name Foley Trasimeme Acquisition Corp. II, has a stated goal of effecting mergers and/or buying capital stock in the “financial technology space.” Asset acquisitions are also part of the plan.