FDIC turns ownership of Silicon Valley Bridge Bank over to First Citizens Bank & Trust Company in a deal that includes the purchase of approximately $72 billion of Silicon Valley Bridge Bank’s assets at a discount of $16.5 billion.

The Five Star Institute, in partnership with Boston National Title, will present the latest in its Webinar Series, focusing on vendor products, performance, and pricing in a post-pandemic world.

Former President and COO of Mr. Cooper and C-suite executive tapped to lead the management of all operational aspects for the mortgage servicer.

At the Low Income Housing Forum, Treasury Department Deputy Secretary Adeyemo reports that nearly 10.8 million Emergency Rental Assistance payments have been made to keep families in their homes.

The transaction includes the purchase of certain loan portfolios from Signature Bridge Bank totaling $12.9 billion, and the assumption of $34 billion in deposits by Flagstar.

The MBA reports that servicers’ portfolio volume in February dropped four basis points to 0.60% month-over-month, as approximately 300,000 homeowners nationwide remain in forbearance plans.

Five Star’s inaugural REO Connect event will serve as a hub for industry professionals committed to making the REO process profitable, efficient, and effective at eliminating blight from neighborhoods nationwide.

An upcoming hybrid event presented by the Harvard Joint Center for Housing Studies will feature Ginnie Mae President Alanna McCargo discussing the nation’s affordable housing and rental goals.

GSE names former PricewaterhouseCoopers Partner to its Board of Directors, bringing financial management and reporting, risk management, and business strategy expertise to his new role.

By issuing a new request for information, the Bureau is studying the business practices of data brokers, their impact on the daily lives of consumers, and whether they are all playing by the same rules.