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Wells Fargo commercial servicing sale makes Trimont a leader
WEBAug 20, 2024 · Wells Fargo plans to exit the third-party, non-agency commercial mortgage servicing business through a sale that will make the buyer a leader in one portion of the U.S. market. For reprint and licensing requests for this article, click here. Smart mortgage lenders are evaluating the effectiveness of their software tools in order to drive ...
NINA loans make a comeback with the 360 Mortgage pilot program
WEBApr 18, 2019 · NINA loans make a comeback with the 360 Mortgage pilot program. 360 Mortgage is bringing back the no-income, no-asset loan, but says its $1 billion pilot's guidelines differ from those of the NINA loans that contributed to the financial crisis. For reprint and licensing requests for this article, click here.
20 mortgage servicing banks with the largest MSR volumes
WEBOct 24, 2022 · The top five banks in our ranking have a combined MSR volume of more than $15 billion at the end of Q2. Many servicers saw growth between Q1 and Q2, with one seeing growth of 42.14%. This ranking is based upon MortgageStats data drawn from uniform bank performance reports filed to the Federal …
How to prepare for Fannie Mae and Freddie Mac's new rules on …
WEBJan 28, 2022 · A rule change is afoot; Fannie Mae and Freddie Mac 's new reporting disclosures on mortgages for condominiums and units located in HOAs went into effect on January 1. As a result, boards of directors and management companies will see changes in how they report the financial health of their association. …
2020 Best Mortgage Companies to Work For
WEBJan 29, 2020 · By Paul Centopani, Glenn McCullom. January 29, 2020 9:28 AM. National Mortgage News presents the second annual Best Mortgage Companies to Work For — a survey and awards program dedicated to identifying and recognizing the industry's best employers and providing organizations with valuable employee feedback. In addition to intriguing insights ...
Events - National Mortgage News
WEBDIGITAL MORTGAGE. September 13-15, 2022 The industry’s flagship event returns in-person this Fall. This year's event will bring senior professionals to analyze the impact of complete mortgage digitization, discuss how to provide increased value to customers and explore how to reposition within an evolving marketplace. Gain insights about ...
Seterus settles with CFPB in distressed servicing case | National ...
WEBDec 21, 2020 · Mr. Cooper acquired Seterus' $24 billion servicing portfolio, with an additional $24 billion that was being subserviced, in February 2019.. In an unrelated case, Mr. Cooper recently entered into separate agreements with the CFPB and state regulators and with the Justice Department regarding treatment of distressed mortgage borrowers.Mr. Cooper confirmed that issues within the Seterus case ...
MBS | Mortgage Backed Securities - National Mortgage News
WEBGinnie Mae issues warning about higher prepayments. The Department of Housing and Urban Development agency warned in an online notice that issuers with prepayments exceeding certain limits could face sanctions. Mortgage-backed securities are a type of financial instrument comprised of a pool of residential or commercial mortgages.
Layoffs - National Mortgage News
WEBNonbank mortgage jobs rise for the first time in a year. Staff retained or added for the spring homebuying season has stemmed the tide of layoffs for now, according to the Bureau of Labor Statistics' latest figures. By Bonnie Sinnock. June 2. Mortgages.
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