Merger clears a major milestone, with closing expected in August pending the final five state regulatory approvals
CrossCountry Mortgage's acquisition of Two Harbors Investment Corp. moved a significant step closer to completion Thursday after Two Harbors shareholders voted to approve the transaction.The mortgage servicing rights (MSR)-focused real estate investment trust announced that,...
Mortgage lenders love to tout high retention numbers. But without a common definition of recapture, the industry's favorite metric may reveal more about marketing than actual borrower retention
Spend enough time around mortgage conferences, and you'll hear impressive recapture numbers tossed around with surprising confidence. "We have a 70 percent recapture rate." "Ours is even higher." On the surface, those figures suggest the industry has largely solved borrower ...
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