The settlement resolves allegations that the company violated servicing loan modification laws during the COVID-19 pandemic.

The Florida-based bank has agreed to sell its third-party originations channel to Mortgage Forward, part of the Great Lakes Credit Union family.

More extensive rehab projects and growing investor demand have pushed some lenders to consider getting more lenient with some standards for residential transition loans.

The acquisition is set to add a new revenue stream to Netcapital that is focused on residential mortgage originations and servicing.

Industry analysts believe that the bidding war for Two Harbors Investment could inflate future acquisition prices for servicers.

The second postponement of the shareholder vote on CrossCountry’s acquisition offer signals that the bid needs to be higher.

Scotiabank’s planned acquisition of MapleMark Bank will provide Scotiabank with FDIC deposit insurance, which could help fund warehouse lending by Scotiabank.

Homebuyers are still waiting to move off the sidelines despite a recent reprieve in mortgage rates, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending May 29.

Two Harbors board says CrossCountry's bid is still the better option, in part because of its fully committed financing.

Among purchase-mortgage applications received last year, lenders denied 7.79% of conventional mortgage applications, 8.10% of VA loan applications and 12.70% of FHA loan applications.