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The company anticipates a $139.8 million contingency liability and nearly $60 million related expense in a court battle with Pine River Capital Management.
May 30 -
Uncover the key reasons why lenders should care about liner failures and how environmental risks can derail loan performance when ignored during review.
May 30 -
Demand is brisk enough that zombie home counts have stayed low, according to Attom, which is nevertheless keeping an eye on rising distressed mortgage activity.
May 29 -
While mortgage originations increased, borrowers focused their attention on big-ticket items, as credit account balances flattened overall, Vantagescore said.
May 28 -
The regulator says its prior amicus brief, which cited the Fair Debt Collection Practices Act and sided with borrowers, was no longer valid.
May 27 -
The reverse stock split, consolidating eight shares into one, is designed to bring the Luxembourg-based company back into listing compliance on Nasdaq.
May 27 -
Despite interest rate volatility, prepayment rates also increased, surging to levels last seen in October, according to a new ICE Mortgage Technology report.
May 27 -
This potential transaction would be part of a broader trend of mortgage lenders and servicing players converging, such as Rocket's recent acquisition of Mr. Cooper.
May 26 -
The move comes as the House of Representatives passed a successor bill this week to support distressed homeowners served by the Department of Veterans Affairs.
May 21 -
The size of typical bulk MSR deals trading has shrunk, according to panelists at the Mortgage Bankers Association's Secondary and Capital Markets Conference.
May 20