Rising refinance recapture and a widening split in borrower performance are redefining the servicing outlook, speakers at a Mortgage Bankers Association conference in Dallas said Wednesday. Processing Content The latter, which has stemmed from what’s been referred to as a K-shaped economy, is “a tale of a few stories or maybe substories,” Joel Kan, deputy […]
Recapture rate is up as loan performance splits: MBA Servicing Read More »
At a time when government officials and politicians are grappling with finding ways to increase bank participation in mortgage lending, a Pennsylvania depository is teaming with a nonbank to deliver the function to its customers. Processing Content Firstrust Bank, based in Conshohocken outside Philadelphia, has entered a strategic partnership with MortgageCountry in nearby Blue Bell,
Bank turns to nonbank to run mortgage production Read More »
Key insight: Attackers are bypassing technical security by impersonating IT staff and tricking employees into handing over credentials. What’s at stake: The leak hits Figure during a critical financial window, coinciding with the pricing and upsizing of a secondary stock offering. Supporting data: The breach exposes approximately 967,000 unique email addresses, along with names, physical
Data breach hits 1 million Figure customers Read More »