Attorneys for the U.S. government, working on behalf of Ginnie Mae and the U.S. Department of Housing and Urban Development (HUD), last week filed a slew of new documents in their court case against Texas Capital Bank (TCB). These were primarily in response to the bank’s prior motion for a…
Continue reading →Sky-high home prices and elevated mortgage rates are putting increasing strain on homeowners. That’s the takeaway from two reports released this week showing that foreclosure activity and mortgage delinquencies are rising. According to the Mortgage Bankers Association (MBA), the second-quarter 2024 delinquency rate for mortgages on one- to four-unit residential…
Continue reading →The Department of Justice has issued a cease-and-desist order against a Newfound Memorial Middle School teacher, nearly a year after a New Hampton school board member filed a complaint about the teacher’s use of a school district email account for electioneering by advocating for others to serve on the school…
Continue reading →Swiss bank UBS Group AG has decided to sell Credit Suisse’s mortgage servicing company, Select Portfolio Servicing (SPS), to a group of investors led by Sixth Street, HousingWire has learned. Investment firm Davidson Kempner Capital Management is a co-investor. Representatives at Credit Suisse, Davidson Kempner and Sixth Street declined to…
Continue reading →New Hampshire is joining 14 other states in a lawsuit that aims to block DACA recipients from receiving federally subsidized health insurance, Attorney General John Formella announced Friday. DACA, formally known as Deferred Action for Childhood Arrivals, protects around a half-million undocumented immigrants who came to the U.S. as children…
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