Endorsements of Home Equity Conversion Mortgages climbed higher in June, while securitization volume shrank, painting a mixed picture of the latest HECM trends. Processing Content New HECM endorsements grew 4.9% on a monthly basis to 2,064 transactions, rising for the first time since March, according to the latest report from Reverse Market Insight. Volumes of […]
HECM endorsements climb even as securitization slips Read More »
After several postponements, Two Harbors Investment shareholders have finally approved the agreement for the real estate investment trust and its RoundPoint servicing business to be acquired by CrossCountry Mortgage. Processing Content Two Harbors is making the announcement based on the preliminary vote count, remaining subject to certification by the independent inspector of elections. It is
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A United Wholesale Mortgage customer is implicating the top lender in a data breach. Processing Content Michigan resident Ricky LaFountain sued UWM in a Michigan federal court Wednesday for negligence, over the company’s purported role in an incident last year. The lawsuit claims UWM customers’ personal identifiable information, including Social Security numbers, were compromised in
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