SEC probes Change Company over MBS sold to Wall Street

By: ameer@trustedteam.com

The U.S. Securities and Exchange Commission is probing The Change Company, a California lender that pledges to promote homeownership in underserved communities, over its mortgage-backed securities, according to people...

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ICE’s Black Knight purchase to close on Sept. 5

By: ameer@trustedteam.com

Intercontinental Exchange's acquisition of Black Knight should close on Sept. 5 following the parties entering into a consent order with the Federal Trade Commission.This latest agreement was announced after...

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Bayview starts asset management unit for insurers

By: ameer@trustedteam.com

A large servicing investor has set up an asset management division for insurers, which have shown more interest in residential mortgage-related investments as they've pulled back from the commercial...

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We’re probably at the peak now for mortgage rates, says Pantheon Macroeconomics’ Ian Shepherdson

By: ameer@trustedteam.com

ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Ian Shepherdson, Pantheon Macroeconomic founder and chief economist, joins 'Squawk Box' to discuss the state of housing...

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We’re likely at peak mortgage rates right now, says Zillow Co-Founder Spencer Rascoff

By: ameer@trustedteam.com

ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Spencer Rascoff, Zillow Co-Founder and Pacaso Co-Founder, joins 'Closing Bell Overtime' to talk the housing market, Pacaso's...

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Changing the retirement mindset can be a big hurdle, but a HECM might help

By: ameer@trustedteam.com

In addition to the demonstrated aversion that many seniors appear to have toward tapping their home’s equity according to recent data, another major hurdle that may not be as...

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Change Lending loses CDFI certification

By: ameer@trustedteam.com

Non-bank originator Change Lending lost its Community Development Fund Institution (CDFI) certification, according to a report from Barron’s. Change Lending was removed from the CDFI Fund’s list of certified program...

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Better trims its losses in first public earnings

By: ameer@trustedteam.com

Digital lender Better Home & Finance posted a $45.5 million net loss in the second quarter, according to results released days after the firm's difficult debut on Wall Street.The...

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Magnitude of credit losses will depend on BoC’s ability to orchestrate a soft landing: RBC

By: ameer@trustedteam.com

While RBC posted stronger-than-expected earnings results, the bank said it expects credit losses to intensify in the coming months as interest rates remain elevated. In comments made during the...

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Lower says team issued high-risk loans before AmCap poaching

By: ameer@trustedteam.com

Lower is accusing a former branch manager and his team of filing over a dozen lucrative, bad loans before departing to a rival and taking confidential information with them.The...

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