Select Portfolio Servicing has resolved allegations that it violated state and federal rules aimed at protecting borrowers from foreclosure during the pandemic. Processing Content SPS, which an investor consortium bought from UBS in a deal that closed last year, agreed to pay $4.6 million to settle the legacy charges with California Attorney General Rob Bonta. […]
Select Portfolio Servicing settles with California AG Read More »
Two Harbors Investment, temporarily free of a non-solicitation clause in its agreement with CrossCountry Mortgage, is now willing to engage with UWM Holdings, but only if the latter drops the stock portion of its bid. Processing Content CrossCountry has agreed to waive the non-solicitation clause through the close of business on Friday, June 12, Two
UWM gets one more shot at Two Harbors, but as a cash deal only Read More »
Federal Reserve Gov. Michael Barr.Bloomberg News Processing Content Key insight: The Fed’s former top regulator continues to beat the drum about the stability consequences of the current bank deregulatory policies being championed in Washington. Expert quote: “The bank deregulation undertaken so far, and the plans for more to come, is ultimately going to make our
Fed’s Barr: Strong bank regulation curbs nonbank risks Read More »