The Department of Housing and Urban Development will begin considering bids in September for the auction of 5,500 units in two separate reverse-mortgage pools where the borrowers are deceased. Processing Content A sale of 1,500 non-vacant properties, HNVLS 2026-1, which was originally scheduled to take place in February, will now open on Sept. 1. HUD […]
HUD reopens $454M reverse-mortgage pool for bids Sept. 1 Read More »
CrossCountry Mortgage’s purchase of Two Harbors Investment is delayed because the parties are still waiting on the approval from one state. Processing Content The transaction was scheduled to close on Aug. 3. Because of the delay, the stub dividend payment needs to be recalculated. All other state regulatory and agency approvals have been received, a
Two Harbors-CrossCountry deal delayed due to one approval Read More »
Key insight: Mark Paoletta automatically became acting director on Saturday, due to Russell Vought’s term expiring. What’s at stake: Paoletta is expected to be a placeholder while the Senate considers President Trump’s nominee Brian Johnson to lead the agency permanently. Forward look: Johnson, a CFPB official during Trump’s first administration who now works for Capital
CFPB gets another acting director as OMB’s Vought exits Read More »