Brookfield Asset Management has forged a pact with Angel Oak Companies that adds to the most recent wave of merger and acquisition activity in the mortgage business. The larger Brookfield,…
Category:
Mortage
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The agreed-to merger between Rocket and Mr. Cooper is the first large domino to fall in what is shaping up to be another year of consolidation. Mortgage lenders are still…
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Homestreet is merging with California-based Mechanics Bank, moving on after a prior engagement fell through. Mechanics will emerge as the banking corporation and subsidiary of the publicly traded Homestreet, the…
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There is strain in customer satisfaction with homeowners insurance claims, according to the U.S. Property Claims Satisfaction Study from J.D. Power. Slow repair cycle times, widespread premium increases and the…
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The Federal Housing Finance Agency is continuing to reshuffle leadership at the board level and in the executive ranks at the government-sponsored enterprises. Capital One Multifamily Finance executive Grace Huebscher…
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The Trump administration appealed a federal judge’s order that stopped the government from dismantling the Consumer Financial Protection Bureau. The Department of Justice filed an appeal on Saturday with the…
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Rocket Companies announced Monday that it plans to buy mega-servicer Mr. Cooper for $9.4 billion, boosting the Detroit-based lender’s book of business to $2.1 trillion. The all-stock transaction, expected to…
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Lower’s Chief Growth Officer Amir Syed resigned from the Ohio-based mortgage lender after only a little over a year at the company. The mortgage executive, who leads GO! Coaching and…
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In any sales business, whether times are good or bad, companies conduct promotions in an effort to bring people in the door. This is also true in the real estate…
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Achieve Home Loans is sponsoring a securitization of revenue from first- and second-lien home equity lines of credit (HELOC) loan, raising $210.9 million through the transaction ACHM Trust 2025-HE1. Known…