A federal judge granted a motion to dismiss one of the lawsuits accusing Zillow of a kickback scheme that steered borrowers to its more expensive in-house financing business and affiliated agents. Processing Content U.S. District Judge James Robart found the complaint lacked statutory standing for a Real Estate Settlement Procedures Act claim and the plaintiffs […]
Judge grants Zillow motion to dismiss RESPA, RICO lawsuit Read More »
Milliman has acquired from Apex Analytics the Blue Water mortgage servicing rights valuation and hedging business. Processing Content Terms of the deal, which closed on July 24, were not disclosed. This was the only portion of Blue Water included in the transaction, said Brett Ludden, managing director and head of mortgage solutions at Milliman. “There
Milliman gains MSR hedging scale with Blue Water buy Read More »
More than 70 mortgage originators are or will be using FICO 10T, nearly three months after the government-sponsored enterprises began allowing loans sold to them to be scored using this model. Processing Content May and June were the strongest months of lender enrollment to date, FICO said. “We’re at an inflection point in mortgage credit
Over 70 mortgage lenders now signed up for FICO 10T Read More »