A former housing regulator confirmed that he anticipates a release from conservatorship would occur if Trump's elected, adding to other signs a plan is brewing.
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Anticipated interest rate cuts could help stressed borrowers, but such a shift in monetary policy may curb lending income.
September 13 -
The Onity Loan Investment Trust, series 2024-HB2, is preparing to issue $469.3 million in securitized bonds, with repayment pledged from principal payments from pool of 1,078 reverse mortgage loan and real-estate owned (REO) assets.
September 13 -
Pricing talk includes yields ranging from 4.9% on the AAA, class A1 notes; 5.7% on the AA, class A2 notes; and 6.2% on the AA M1 notes.
September 12 -
Rising property values continue to buffer mortgagors against negative equity situations, Corelogic said.
September 12 -
The action stems from 2017, when the CFPB filed a lawsuit claiming Navient steered borrowers who might have qualified for income-driven repayment plans into more expensive forbearance instead.
September 12
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The 30-year fixed rate mortgage fell week-to-week by the largest amount since the start of August and are now almost a percentage point lower than a year ago, according to Freddie Mac.
September 12 -
The latest violations come as the bank expects to face more than $3 billion in regulatory fines for anti-money-laundering failures.
September 11 -
Since July 21, 2021, the cutoff date before its last deal, Avant's active credit card accounts increased 388%, to its current 1 million accounts.
September 11 -
The regional bank has already seen a large reduction in "criticized" loans, and it expects that trend to pick up as lower borrowing costs alleviate the pain in the commercial real estate sector.
September 11 -
Across both deals, the class A notes have total initial hard credit enhancements of 19.25% of the pool balance. Class B notes benefit from 13.00% in total hard credit enhancement, and class C notes benefit from 9.25%.
September 10 -
Federal Reserve Vice Chair for Supervision Michael Barr outlined the changes he and other regulators would like to see to the capital reform plan, including largely excluding banks with less than $250 billion of assets.
September 10 -
The bank has brought in mortgage industry veteran Ken Logan as senior managing director to oversee a broader range of financing it's offering to home lenders.
September 9