Rhode Island has set new, formal rules for larger nonbank mortgage servicers that appear to align with those in more than one dozen other jurisdictions. Processing Content With the passage of the law Gov. Daniel McKee signed this week, nearly one-third or 16 out of 50 states now have standards for nonbank servicers’ liquidity, capital […]
Nonbank servicers face new compliance demands in Rhode Island Read More »
Analysts are bullish on the prospects for UWM Holdings common stock, even with (or possibly because of) the recent negative trends in its stock price. Processing Content On both June 24 and 25, the stock reached a 52-week low of $2. The price has been moving lower since the company launched a hostile bid for
UWM upgraded by KBW despite mounting leverage concerns Read More »
SitusAMC has agreed to a $5.3 million settlement for over 600,000 class members in a data breach lawsuit. Processing Content The vendor and plaintiffs asked a federal court this week to preliminarily approve their deal to resolve claims arising from a cybersecurity incident last November. The company, which provides real estate loan-level data for financial
SitusAMC agrees to $5.3 million settlement over data breach Read More »