A former official at CitiMortgage said a large number of mortgages insured by the FHA and Department of Veterans Affairs were sold into Ginnie Mae pools even though they may never have qualified for government backing in the first place, just one of a litany of oversights identified by industry experts at a hearing before the Financial Crisis Inquiry Commission last week. Ex-Congressmen and...
Is Onity Group eyeing a sale? Perhaps. And why not? Servicing values are approaching a 25-year high.
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