In addition to the servicing of approximately 140,000 residential mortgage loans, Mr. Cooper Group will add more than 500 CLS employees to its team under new deal.
Read More »Forbearance Portfolio Volume Slides for 21st Straight Month
The number of U.S. loans in forbearance fell once again, with as an estimated 590,000 homeowners remaining in forbearance plans nationwide.
Read More »Ginnie Mae Announces Two New Executive Appointments
With decades of shared experience in housing finance, policy, and financial services, Sam Valverde and Felecia Rotellini join Ginnie Mae as EVP and Senior Advisor & Chief of Staff to the President, respectively.
Read More »The Week Ahead: Five Star Webinars Address Return of Foreclosures
Two upcoming webinars presented by the Five Star Institute will examine the state of the foreclosure and REO landscape as business begins to accelerate.
Read More »Bipartisan Measure Introduced to Bring Transparency to Flood Insurance Pricing
Sens. Cassidy and Gillibrand introduce the Flood Insurance Pricing Transparency Act that will require FEMA to publish the formulas used to calculate mitigation credits for policyholders under Risk Rating 2.0.
Read More »OCC and FinCEN Levy $140M Fine, Cease and Desist Order Against USAA
Joint actions were taken today by the OCC and FinCEN against USAA, citing violations of the Bank Secrecy Act and failure to establish an effective Anti Money Laundering program.
Read More »Senate Banking Committee Approves Nomination of Thompson as FHFA Director
A special Executive Session of the Senate Banking Committee voted on advancing Sandra Thompson as Director of the FHFA, among other key nominations.
Read More »CFPB Takes Aim at Anti-Discrimination Practices
Targeting unfair discrimination in consumer finance, the CFPB vows to take action against financial institutions that engage in discriminatory conduct.
Read More »HUD Earmarks $2.6B+ to Fight Homelessness
The nationwide grant includes approximately 7,000 new and renewed grants aimed at assisting individuals and families experiencing homelessness move into permanent housing with access to supportive services.
Read More »Sagent Extends Tech Stack Deal With Freedom Mortgage
New five-year extension will enable Freedom Mortgage, with a servicing portfolio of $400B, to power its homeowner-first servicing ecosystem.
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