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Updated: 34 min 55 sec ago
“Our successful history originating this type of product, combined with our relationship with Macquarie, will allow Impac to make an immediate impact in the non-qualified mortgage space,” Joseph Tomkinson, chairman and CEO of Impac, said.
If you’re staying on par with the Lender Implementation Timeline, then that means there are only three weeks left until you wrap that phase up. Will you be finished with this phase in three weeks?
Are we going back down the same path that led to the housing crash? Where is the luxury home market heading, and why is the economy still putting along in low gear? Is paying off the mortgage going the way of the fax machine?
Morningstar and Kroll Bond Rating Agency have each weighed in on the securitization with presale reports and awarded nearly $241 million in AAA ratings to the securitization’s Class A tranche.
The Federal Housing Finance Agency announced a settlement for $550 million with HSBC North America Holdings, related companies and specifically named individuals, resolving claims that it violated private-label mortgage-backed security laws.
The U.S. Department of the Treasury today announced the completion of the first pre-defined written trading plan for Ally Financial common stock.
The state Supreme Court ruled on Wednesday that California’s public employee pension system can sue Moody’s and Standard & Poor’s for hundreds of millions of dollars due to the high ratings they gave to investments that collapsed in 2007 to 2008.
Mortgage rates have continuously defied expectations in 2014. Originally estimated to hit 5% by the end of this year, September's 30-year, fixed-rate mortgage averaged 4.12%.
The housing ecosystem is immensely complex and highly local. What’s needed in Houston and Dallas looks very different than what’s needed in Chicago and Philadelphia. That’s why we need bipartisan leadership to work at national, state and local levels.
According to a report in The Wall Street Journal, Sillerman and his wife Laura, have listed six of their homes in Manhattan, the Hamptons and on the Caribbean island of Anguilla for sale in an effort to “simplify” their lives.
On Monday morning, the Bipartisan Policy Center will kick off its 2014 Housing Summit in Washington, D.C. It's going to be one for the books.
According to the original complaint filed against FirstBank, a married couple alleged that FirstBank approved their mortgage application and scheduled its closing, but upon learning that the wife was on maternity leave, the lender reversed field and denied the mortgage loan. The couple was notified of the loan denial within 24 hours of the scheduled closing.
The Consumer Financial Protection Bureau is still taking comments on its proposed open consumer-complaint narrative database, and it’s offering some responses to criticisms as well.
You can still get a cat with your mortgage from Sberbank in Russia, you just can’t do business with them if you’re American.
Consumer sentiment is on the rise this month, climbing to 84.6 versus a final August reading of 82.5 and a mid-month August reading of 79.2 – but buried in there is a decline in the current conditions component which suggests consumer activity won’t be up in September.
The government released a new proposal for Fannie Mae and Freddie Mac to start purchasing more low-income refinancings in order to show support for such loans. But there is one problem: banks are unlikely to jump on board with the idea.
If you aren’t honest with yourself on the issues customers are facing, you’ll have a tough time embracing a plan to improve your service levels to match customer expectations.
Krein was auctioned off four times for a total of $44,000. In total, the NRBA raised nearly $62,000 for the Make-A-Wish Foundation.
While the secondary mortgage market for jumbo loans is doing worse than a year ago, it could be good news for borrowers. Instead of selling mortgages on the secondary market, large lenders are now keeping them on their books.
The company will now also offer mortgage insurance claims processing, legal and mortgage business process outsourcing services, and technology and document management for litigation law firms.