Items Tagged with 'Deloitte'


  • Online lenders struggle with cost of originations

    But investors grow more comfortable as market matures
    The cost to originate a mortgage increased significantly in 2018, and that increase now threatens even nonbank online lenders. A new study of online lenders shows a full 77% listed the cost of funding among their top three concerns, and 38% said it was their top concern.
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  • Deloitte & Touche to pay $149.5 million in settlement over Taylor, Bean & Whitaker

    The ghosts of the past resurface again
    Deloitte & Touche will pay $149.5 million to the federal government as part of a settlement over its role in the spectacular collapse of Taylor, Bean & Whitaker, which was one of the country’s largest mortgage lenders. The government alleged that Deloitte failed in its duties as TBW’s auditor from 2002 to 2008.
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  • Deloitte confirms Fannie Mae and Freddie Mac not impacted in hack

    Deloitte client material left vulnerable
    [Updated] Mortgage finance giants Fannie Mae and Freddie Mac faced becoming victims of the recent Deloitte hacking revealed at the end of September, if an article published in the UK's Guardian remains true. So far, it does not appear the hackers targeted any information concerning Fannie Mae and Freddie Mac, according to developments provided to HousingWire by Deloitte.
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  • Freddie Mac settles with Deloitte in $1.3 billion suit over Taylor, Bean & Whitaker

    Is this long, bloody era finally over?
    The court battle between Freddie Mac and Deloitte & Touche over allegations of fraud involving the spectacular collapse of Taylor, Bean & Whitaker is now over after the two sides agreed to dismiss Freddie Mac’s $1.3 billion lawsuit against Deloitte. Freddie Mac initially sued Deloitte & Touche in 2014, accusing Deloitte of "gross negligence" in its auditing of TBW.
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  • Multifamily development picks up despite falling demand

    Developers banking on demographics and job growth
    Recent statistics show that the majority of new renters might not be searching for traditional multifamily housing; instead, they’re renting single-family homes. So is all the multifamily development in vain? That's the question being thrown around with single-family homes still a dominant force in the housing market.
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  • RMBS issuance soars past estimations

    Prime jumbo originations help securitizations surpass $20B
    "We expect new issuance in private RMBS securitization to maintain its momentum for the rest of the year and surpass the $20 billion deal size," Deutsche Bank wrote in a recent market research report.
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  • Homebuilders face high lumber prices

    Builders also struggling to obtain construction credit
    A number of recent reports would point toward a thriving market for homebuilders. However, builders are coming up against a number of problems that are seemingly jolting their success lately.
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