Mortgage
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PennyMac strikes warehouse, MSR traces out of Credit score Suisse
PennyMac Financial Services is reducing its risk exposure, moving three funding vehicles from Credit Suisse to two large firms. The…
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Mortgage reperformance bearing up, different shopper debt woes rising
Most distressed mortgages emerged from workouts intact in February but the chargeoff rates for auto loans and credit cards are…
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UBS, Credit score Suisse pact stabilizes key supply of mortgage financing
The UK headquarters of Credit Suisse Group AG in Canary Wharf financial district in London, UK, on Monday, March 20,…
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How one MBS investor thinks provide and demand will get again in sync
The shrinking supply of affordable homes sought by a growing number of households has been further complicated by federal officials’…
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How far the Fed’s facility is prone to go in stopping financial institution MBS woes
The effectiveness of the borrowing facility now available to address the mortgage-backed securities risk that contributed to Silicon Valley Bank’s…
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LoanCare launches distressed mortgage unit
A subservicer focused on government-related loans has started a new unit called Velocity that will aim to more efficiently manage…
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Mix stories large losses as cost-cutting continues
Blend Labs was hit especially hard by the mortgage market’s woes last year, posting a $763.8 million net loss over…
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Banking group goals for standardized mortgage licensing necessities
A banking regulatory group is taking steps toward “modernizing” the National Multistate Licensing System, moving toward greater mortgage-industry standardization. The…
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HUD rolling again Trump-era adjustments to honest lending rule
The Department of Housing and Urban Development has confirmed its proposed reversal of a 2020 change to a rule governing…
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What’s behind residence lending’s gradual uptake of family-friendly insurance policies?
While many mortgage industry companies have made their policies more family-friendly, current and former employees in the field say that…
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