After months of rumors that PHH Corporation was considering selling its fleet management business, it is officially complete, leaving the company sitting on approximately $1.4 billion in cash and giving it a chance in the mortgage market.
Wells Fargo’s stock finished the day up after it announced it signed an agreement to sell Ocwen a $39 billion portfolio of residential mortgage servicing rights. But Ocwen did not witness the same positive results.
With the Fed giving mortgage rates a reprieve by not tapering this month, homebuyers are left in the midst of a giant guessing game, where they're unable to figure out the best time to lock in a mortgage rate.
In what was the most competitive awards program to date, HousingWire is proud to recognize the professional accomplishments of 30 women -- spanning every sector of the U.S. housing economy. Read the stories of our 2014 honorees, and be inspired..
If fair housing bluster were an Olympic event, the podium would be crowded with politicians and corporate mouthpieces. The injustice that once provoked marches and protests now evokes photo-ops and press releases. But have things truly changed? Read More
The sweeping CFPB TILA-RESPA integrated disclosures roll-out will affect almost every residential mortgage loan application that is submitted to a creditor on or after this date. Here, industry expert Jerry Halbrook dives into a breakdown of the wide-ranging impact of the new rule. Read More