Faced with a lawsuit and dozens of state enforcement actions, the embattled mortgage servicer is hitting back
Tightening inventory is causing the market to “miss its moment,” says one expert
Many economists are predicting rates to increase soon and some believe the cash borrowers have saved through refinancing will move toward remodeling projects.
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The CFPB rate checker has caused a lot of noise in the industry, but stop worrying about pricing and start worrying about marketing and the niche you will become the expert in.
The lender said the layoffs are due to the declining number of delinquent mortgages the bank now services.
According to Fitch Ratings, the new capital requirement by the regulator will have little effect on the industry and is not a solution for eliminating RMBS risk.
The N.Y. Attorney General, who accused the lender of failing to comply with several mortgage servicing standards, doesn't think so. A federal judge recently ruled on the case.