Transfers of agency mortgage servicing rights rose to their highest level in at least four years during 2018, although activity cooled in the fourth quarter. [Includes three data charts]
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Struggling Ditech Financial late this week offered up a progress report on its future, saying — among other things — that one of its largest subservicing clients, New Residential Investment Corp., wants out of the contract.
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The Consumer Financial Protection Bureau has acknowledged the rules it implemented in 2014 on servicing and originations increased costs for industry participants.
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Loans originated on retail production platforms and sold to Fannie Mae, Freddie Mac and Ginnie Mae during the fourth quarter tended to have stronger credit characteristics than those generated by third-party originators. [Includes two data charts]
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The share price of Fannie Mae and Freddie Mac common has been on a bull run since late December, more than doubling in price. But how much more gasoline is left in the tank?
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Changes to the Department of Labor’s overtime rule are anxiously anticipated as they may finally answer, among other things, whether mortgage loan officers are excluded from overtime pay.
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