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Top News In Mortgage Loan Servicing Today - Breaking & Trending Today

Servicing, Non-QM DSCR, RON Products; Freddie and Fannie News; Rate Cut Outlook

Here in the Hill Country near Austin, Texas, there’s an active market of sellers and buyers of real estate. It is a safe bet that most use agents; around 90 percent of buyers use them, and Clever released data on average real estate commission rates in the U.S. as they stand now. Clever found that on the median-priced home of $431,000, the average U.S. home seller pays real estate commission fees of about $23,662. In a survey of 630 partner agents, the average real estate commission rate in the U.S. is 5.49 percent, divided between the listing agent (2.83 percent) and the buyer's agent (2.66 percent). The average commission rate rose from 5.37 percent in 2023. Most real estate agents typically work within a range of 2.5 percent to 3 percent. Several key factors influence this, such as property value, client relationship &amp; circumstances, sale complexity, services provided, and market conditions. Hawaii is home to the lowest average real estate commission rate ....

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Wells Fargo Selects CoreLogic for Residential Tax Outsourcing Solution

Wells Fargo Selects CoreLogic for Residential Tax Outsourcing Solution
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Biden Administration, CFPB Continue Focus on Junk Fees

CFPB released a special edition of its Supervisory Highlights reporting on unlawful junk fees including bank account deposits, auto loan servicing, mortgage loan servicing, and student loan servicing. Biden Administration is applying a full government approach to regulating junk fees. ....

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Nutter Bank Report: November 2022 | Nutter McClennen & Fish LLP

Headlines: CFPB Reminds Credit Bureaus and Furnishers of Their Obligations to Investigate Disputes The CFPB has issued guidance on the obligations of both. ....

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Sandy Spring Bank Announces Executive and Senior Leadership Appointments

Sandy Spring Bank Announces Executive and Senior Leadership Appointments
Company Reorganizes and Prepares for Future Growth
OLNEY, Md., May 14, 2021 (GLOBE NEWSWIRE) Sandy Spring Bank today announced a series of leadership appointments and promotions. The individuals stepping into these executive and division executive roles will play a critical role in helping to develop future talent, build the Bank’s capacity, improve operational processes and grow the company.
“We have enjoyed an extended period of rapid growth and tremendous success. We know our market well, we have top talent and we offer a broad range of sophisticated services,” said Daniel J. Schrider, President and Chief Executive Officer of Sandy Spring Bank. “These leadership appointments will help us capitalize on our strengths and ensure that we are prepared to continue to grow organically and thrive as a larger, more complex institution.” ....

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