Former Wells Fargo executive Michael Heid is the new chairperson, while David Benson, currently president, also becomes interim chief executive.

The Eleventh Circuit Court of Appeal split hairs and said each allegation must be examined to see whether it was not covered by the National Mortgage Settlement.

LHOME represents Kiavi’s first deconsolidated deal, given the sale of residual interest. Kiavi sold 95% of the bottom residual class to an institutional investor.

Originators offered fewer high loan-to-value and lower credit-score products, but jumbo offerings increased for the 10th time in 12 months, the Mortgage Bankers Association said.

The guidance follows similar instructions laid out by the Office of the Comptroller of the Currency late last year.

Solar loans with balances of $5,000-$125,000, and Home Efficiency Loans, which have balances ranging from $1,000-$100,000, make up the bulk of the asset pool.

Based in New York, Benoist de Vimal will be responsible for managing aviation origination, including supporting MUFG's originate-to-distribute business model.

Out of all investor group types, those with the deepest pockets — property giants with 100 or more homes — tamped down their spending most at the end of last year, CoreLogic reported.

Pre-pandemic, risk vehicles totaled 99.5% of the program’s fleet, but a shift toward non-program vehicles is expected, as manufacturers prioritize auto dealerships.

The Consumer Financial Protection Bureau argues borrowers in the case had a right to answers even if the inquiries were origination related and foreclosure litigation was pending.

Half of the loans were originated prior to the onset of the COVID-19 pandemic, and mainly in Q1 2020, while classes A and B have interest-only portions.

Secured by a single Morgan Stanley first-lien mortgage, the SFR is the largest deal since the program priced its $2 billion transaction in July 2021.