Deal with Constellation Software Inc. hinges on ICE closing deal to acquire Black Knight, now valued at $11.7 billion. ICE says it's prepared to fight FTC in court.
I won’t sugar coat this. Here’s some rough news for lenders and LOs: With plenty of quant jocks to slice and dice numbers, Goldman Sachs tells us that 99 percent of borrowers have a mortgage rate lower than 6 percent or the current market rate, and around 28 percent of those have rates below 3 percent. So, what are you going to do about it? A buddy and I were out to eat recently. I asked the server (in my day they were called waiters and waitresses), “Is this a bistro, a brasserie, or a gastropub?” The bearded, short-haired fellow replied, “None of those. We’re a brewpub.” Options! People have options in investing their cash, and a LO can help with financial planning. Hey, if higher rates are driving business income down, you may-as-well profit from them, even if you only have $100. If you don’t mind tying your money up for a month or more and can earn nearly 5 percent on your cash with a few keystrokes, why earn 0 percent on your
PASADENA, CALIFORNIA (PRWEB) February 28, 2023 Lender Price, a leading provider of product, pricing, and eligibility technology (PPE), has partnered with
PASADENA, CALIFORNIA (PRWEB) February 28, 2023 Lender Price, a leading provider of product, pricing, and eligibility technology (PPE), has partnered with
As attendees from the MBA’s servicing conference headed home this week, they may have learned that some airport lounges are cutting back on free guests. Some of those attendees work for depository banks, and they are in flux when it comes to servicing portfolios: Certainly reports of the majority of them shedding servicing are erroneous. Reports have Mr. Cooper, Nationstar, Chase, PNC, 5 3, all increasing their servicing portfolios. Other trends being discussed in the hallways at the conference include an increased scrutiny of regulators and auditors of the fair value of servicing, and counterparty financial strength of servicing sellers declining. Certainly, one topic is Wells Fargo’s shift in residential mortgages: Will its servicing hit the market in one big chunk? The general consensus is “probably not” and that Wells will sell its Ginnie portfolio (FHA, VA) and delinquent loans to reduce servicing costs. $400 billion of whole loans. Wells is not in any