Author Archives: Matt Carter

Real estate debt marketplace PeerStreet files for bankruptcy

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The company intends to sell “substantially all of its assets,” including its technology platform to pay creditors that include thousands of retail investors. Continue reading →

Real estate debt marketplace PeerStreet files for bankruptcy

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The company intends to sell “substantially all of its assets,” including its technology platform to pay creditors that include thousands of retail investors. Continue reading →

Test triggering $2.3B in mortgage payments leads to $25M fine

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ACI admits no wrongdoing in settling CFPB’s first-ever enforcement action over the handling of consumer data in the processing of mortgage payments. Continue reading →

Fed tightening likely to produce a ‘modest recession:’ Economists

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Fannie Mae forecasters say the Federal Reserve’s decision on how high and long to keep rates up presents “a major risk over the next year,” with a question of a downturn more a matter of “when” than “if.” Continue reading →

Loan servicers’ pandemic-relief efforts ‘a major success story’

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Mortgage loan servicers collecting payments on loans guaranteed by Fannie Mae and Freddie Mac completed 2.36 million “home retention actions” during the COVID-19 pandemic. Continue reading →

Planet Home Lending acquires $10B in mortgage servicing rights

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The bulk acquisition of servicing rights to 45,000 Ginnie Mae loans brings Planet’s servicing portfolio to $94 billion, with more purchases eyed for 2023. Continue reading →

Newzip helps mortgage lenders connect borrowers to agents

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Former Keller Williams Realty exec’s startup enables virtually any mortgage lender to emulate programs offered by bigger rivals, such as Rocket Mortgage, loanDepot and Better. Continue reading →

Jumbo mortgage rates rise as lenders pull back

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Rates for mortgages backed by Fannie and Freddie continue to ease despite Federal Reserve Chairman Jerome Powell’s tough talk on inflation, but liquidity issues put pressure on bigger loans. Continue reading →

Truist puts former Keller Williams exec in charge of home loans

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David Smith will oversee Truist’s direct, correspondent and warehouse mortgage channels as well as servicing for more than 1.2 million homeowners. Continue reading →