PHH has agreed to sell reverse mortgage servicing rights, comprised of approximately 40,000 Ginnie Mae HECM loans, with an unpaid principal balance of $9.6 billion, as PHH becomes the subservicer for the reverse MSRs under a three-year agreement
Rocket Pro said the launch also fulfills its commitment to brokers under the company’s Partner Promise.
New data reveals that fraud and forgery are becoming more common and more costly in refinance transactions, compared to purchase transactions
Andrew Liput of Secure Insight discusses how the industry is embracing AI, but smaller businesses are having a difficult time keeping up with identifying and preventing fraud through the use of criminal technology schemes
Following a 40-plus-year career with the home builder, Jon Jaffe is set to retire and be replaced by Stuart Miller, who will continue to serve as executive chairman and CEO of Lennar
An examination of Q3 activity reveals that home sellers are finding it harder to sell at the price they want, therefore inventory is accumulating and investors are taking advantage of this opportunity for discounts