The leaders of the mortgage REIT world posted third-quarter results this week. Bottom line: Strong earnings and common shares that continue to pay a nice dividend.
Federally insured depositories often source their CRA loans via nonbanks and an investment banking trading desk. But what if nonbanks must suddenly adhere to CRA standards of their own?
Subservicing behemoth Cenlar has caught the attention of the OCC, which slapped the loan processor with a consent order because of its risk management shortcomings. On the menu: corrective actions.