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Operations
Coming Up:
Is Havoc For Home Insurance, Mortgage Rates Ahead?
Table stakes are rising for mortgage lenders ahead of 2025, as policy pivots loom and sales forecasts are adjusted
New Calendar, Or Dictionary, Needed For AnnieMac
Half-a-dozen class-action law firms have launched investigations into AnnieMac's "proactive" handling of a late-August data breach.
Consumer Watchdog Invites State Regulators To Dance
As regulatory roll-backs loom over financial sectors, the CFPB says consumers' financial data rights are states' to forfeit
Despite Losses, Rocket's Origination Volume Jumps 28% In Q3
Rocket generated $29.8 billion in net rate lock volume during Q3, a 43% increase over last year
Insurance Crisis Hits Lenders' Bottom Lines
While monthly principal, interest, and property tax obligations are up an average 15-17% since the beginning of 2020, the average monthly property insurance payment is up a staggering 52% over that same period.
Credit Score Switch Proving Difficult Absent Agency Guidance
Panelists at MBA's annual event agree GSEs have neglected to facilitate mandatory adoption of new credit scoring models, set to take effect in the fourth quarter of 2025.
A Pleasant Surprise For RCN Capital
Preparation and opportunity diverged into one during RCN Capital’s August 2024 record-breaking month.
Mr. Cooper Group Reports Net Income Of $80 Million
Mr. Cooper's servicing portfolio ended the third quarter at over $1.2 trillion
U.S. Down Payment Assistance Program Count Hits 2,444
The report noted a 5% increase in programs for first-generation homebuyers
Flagstar Bank Announces Workforce Reduction Of 700 Employees
More layoffs are expected following Mr. Cooper mortgage servicing sale expected to close during the fourth quarter