Chase didn't back into the top servicer ranking, it blew past Wells Fargo in the second quarter. But Mr. Cooper Group has its eyes on the $1 trillion mark. (Includes three data charts.)
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The proposal would change risk weights for mortgages in bank portfolios based on LTV ratios. Close to 20% of mortgages not sold by banks in 2022 had LTV ratios for which higher capital requirements would apply.
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Fannie and Freddie both shifted from a provision for losses in the first quarter to a benefit in the second. Almost all of that improvement took place in the enterprises’ single-family businesses.
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Buydowns of interest rates on mortgages continue to be a valuable tool for lenders and homebuilders looking to compete in the current high interest rate environment.
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HUD is seeking feedback on a plan to make permanent COVID-era flexibilities related to face-to-face meeting requirements between delinquent borrowers and mortgage servicers.
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Plaintiffs’ attorney Hamish Hume said he’s optimistic shareholders can persuade a DC jury that FHFA and the Treasury violated shareholders’ contractual rights when they agreed to implement the net worth sweep in 2012.
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