To better serve areas impacted by weather-related disasters, HUD forms new office focused on disaster recovery, with an injection of $3.3 billion in funding to help communities across the country recover and rebuild.
Read More »FDIC Taps Former Fannie Mae President Mayopoulos as CEO of SVB
Just days after closing the doors of SVB Financial Group, the FDIC names former Fannie Mae head to lead Silicon Valley Bank, a subsidiary of SVB Financial.
Read More »HUD Addresses Housing Goals in President’s 2024 Budget
With approximately $73.3 billion earmarked for HUD in 2024, the Department would make an investment in building affordable housing, expand access to homeownership, and address housing discrimination.
Read More »Fannie Mae Reportedly Postpones $500M-Plus Mortgage Bond Sale
Amid tumult in the securities market after last week’s disintegration of Silicon Valley Bank, the GSE informs investors it has postponed sale of mortgage bonds.
Read More »CFPB Reports on Illegal Fees Levied by Mortgage Servicers
The Bureau’s new Supervisory Highlights report examines ways in which some mortgage servicers have attempted to run-up unlawful fees charged to homeowners.
Read More »McCalla Raymer Leibert Pierce Names Elizabeth De Silva General Counsel
The firm’s former Deputy General Counsel is promoted to new role, bringing more than 20 years of experience in residential real estate law and mortgage banking to the position.
Read More »Biden’s 2024 Budget Addresses Affordable Housing
President Biden’s proposed fiscal year 2024 budget would significantly invest in building affordable housing, expand access to homeownership, combat housing discrimination, and enhance household mobility.
Read More »HUD Issues Final Rule to Offer 40-Year FHA Loan Mods
The Department believes that its new rule will serve as a critical home retention tool for borrowers in a volatile interest rate market.
Read More »Sagent Names Perry Hilzendeger EVP of Servicing
Mortgage servicer taps industry exec who helped build and run Wells Fargo’s near $1 trillion servicing portfolio and brings ops expertise to accelerate Sagent’s modernization of servicing software.
Read More »Mr. Cooper Announces Executive Leadership Changes
Kurt Johnson has been named CFO of the mortgage servicer as Jaime Gow transitions from CFO to Strategic Advisor. In addition, Christine Paxton has been named EVP and Chief Risk and Compliance Officer.
Read More »