The initial offering with the SEC was $100 million and Rocket Companies’ CEO, Jay Farner, said the company could never have grown if it was focused on “short-term profitability.”
Read More »Deputy Director Named to CFPB
In response to the Supreme Court's ruling, the Bureau announced several executive changes. Click through to read more.
Read More »Future of GSEs’ Credit Risk Transfer Program Uncertain
Having remained apolitical since its inception, the Credit Risk Transfer program may now succumb to political pressure, according to a former Freddie Mac executive.
Read More »HUD Updates on CWCOT Enhancements
The FHA said this proposal will help make the program “more viable” for foreclosure sales associated with defaulted FHA-insured mortgages.
Read More »Real Estate, Rental Sector Received $15B in PPP Funds
Information released by the Treasury Department found banks and fintechs loaned nearly $500 billion.
Read More »Foreclosures From Reverse Mortgages Surging in Puerto Rico
Data from prior reports found early one in four loans on the island faltered. Click through to read more.
Read More »Risks for Homeowners Outside FEMA Flood Zones
New data says more properties could be at risk for damage than initially estimated.
Read More »Emergency Notarization Order Crafted
The collaborating companies said “uniformity” and legal certainty are needed for the use of remote notarization in states promoting social-distancing measures.
Read More »Mortgage Delinquencies Rise 20% in May
New data suggests loan delinquencies could improve just as half of forbearance plans expire, requiring review from servicers.
Read More »Supreme Court Rules on TCPA, Robocalls
The Supreme Court invalidated a 2015 amendment to the Telephone Consumer Protection Act, ruling it violated the first amendment.
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