Appraisal Services Target FHA EAD, AMC Utilization
A new service is designed to help lenders connect to the electronic portal for government loans, while appraisal management companies are vying for business. An appraisal technology firm was acquired.
Bank Failures Slow to a Trickle
This year is turning out to be a very quiet one for bank failures -- which have slowed to a trickle compared to just a few years ago. Even credit union failures, which have traditionally numbered far fewer than banks, are keeping pace.
Settlements Reached With Taylor Bean Note Investors
Settlements have been reached between Bank of America Corp. and note investors of a company that spectacularly collapsed.
New England Bank to Acquire Billion Dollar Lender
The acquisition of a mortgage banking firm that originates more than $1 billion a year is expected to expand the footprint of a bank in the Northeast.
Impac Mortgage Originations More Than Double
Impac Mortgage Holdings Inc. expanded its wholesale sales staff and acquired a retail origination business -- helping it to more than double quarterly loan production.
MSRs on Over $3 Billion in Loans Change Hands
The parent of Reverse Mortgage Funding LLC is acquiring mortgage servicing rights on more than $3 billion in loans.
Bank Buying Texas Mortgage Banker
A deal has been negotiated for a home lender out of North Texas that funds nearly $0.2 billion a year to be acquired by a bank out of Abilene, Texas.
Founders Re-Acquire FBC
After three years under the ownership of another company, the founders and management of FBC Mortgage LLC have taken the company back.
HLSS Acquisition Converted to Asset Sale
Instead of completing an acquisition agreement with another company, Home Loan Servicing Solutions LTD will now sell off its assets.
BofA Settles Taylor Bean Lawsuits
A pair of lawsuits filed against Bank of America Corp. for its alleged role in losses suffered by note holders of a Taylor Bean & Whitaker Mortgage Corp. unit have been settled.