The IPO would involve NewRez, the unit formerly known as Shellpoint Partners. Meanwhile, Ocwen has turned to Oaktree Capital Management for a cash infusion.
The two major CU trade associations, the Credit Union National Association and the National Association of Federally Insured Credit Unions, and a number of other state-specific industry groups submitted letters in support of the proposal.
You’ve had a lights-out kind of year when your company can afford to advertise during the Super Bowl. So, take a bow Guaranteed Rate, Quicken (Rocket) and United Wholesale Mortgage...
The new QM standards are set to take effect March 1 with a mandatory compliance date of July 1. Between March 1 and July 1 lenders can use the QM patch or the new standards but after July 1, originators can only use the new standards.