Guaranteed Rate buys out partner in mortgage joint venture, Premia

Relocation and moving services provider Sirva Worldwide Inc. has agreed to sell its stake in Troy, Michigan-based Premia Relocation Mortgage LLC for an undisclosed sum. Continue reading

Supreme Court nixes $430B in student loan forgiveness

Down payment assistance and income-driven repayment still offer a path to homeownership for those repaying $1.6 trillion in student loan debt. Continue reading

Doma hopes to keep its place on NYSE with reverse stock split

Shares in digital title and closing provider climb above $5, and the company will stay listed if its share price remains above $1 for the next 30 trading days. Continue reading

Good news about economy could send mortgage rates back up

Surprising GDP and jobs numbers have investors buying stocks and selling bonds over worries that Fed policymakers will continue hiking rates to combat inflation. Continue reading

Real estate debt marketplace PeerStreet files for bankruptcy

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

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

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

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