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HousingWireHousingWire Rocket Mortgage has struck a deal to handle the servicing and recapturing activities for a portion of the mortgage servicing rights (MSRs) of real estate investment trust Annaly Capital Management, the companies announced on Tuesday. Terms of the deal were not disclosed. Annaly has $75 billion in assets invested…
Continue reading →HousingWireHousingWire In an era when “disruptive innovation” has become a tired buzzword, REcolorado is quietly rewriting the playbook for Multiple Listing Services (MLS) with an approach that’s less Silicon Valley and more Main Street. The Colorado-based MLS has tapped into a resource that many tech giants often overlook: the collective…
Continue reading →HousingWireHousingWire With interest rates trending downward and refinances picking up, the industry is preparing for an upswing. This shift is welcomed good news given the tough origination market over the last two years. However, the most recent ACES Mortgage QC Industry Trends Report found critical defect rates jumped up in…
Continue reading →HousingWireHousingWire RESPA Section 8 and CFPB Regulation X maintain firm prohibitions against kickbacks and unearned fees, with particular statutory exemptions, about all settlement services involving federally related mortgage loans. “No person shall give, and no person shall accept any fee, kickback, or thing of value pursuant to any agreement or understanding, oral or otherwise,…
Continue reading →HousingWireHousingWire California-based loanDepot on Monday announced it has closed a $300 million offering of notes backed by a revolving warehouse line of credit and secured by mortgages. loanDepot said this is the 10th time it has closed a transaction of this kind. It follows other strategies to strengthen its financial…
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