Specter of the S&L crisis haunts today’s mortgage market

The financial chaos that sparked the savings and loan crisis of the 1980s, leading to a government bailout, now haunts the independent mortgage banking market this Halloween season — and beyond. Independent mortgage banks (IMBs) account for nearly 74% of agency mortgage originations, which is the bulk of the market,

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146-year old title industry battles cybercrime threats

A record number of title insurance professionals gathered on Coronado Island, just a few miles from downtown San Diego, at the Hotel del Coronado for the American Land Title Association’s annual ALTA One conference on Wednesday. Opened in 1888 and known for its the intricate wood work and open designs

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Homepoint shrinks its lending capacity

Home Point Financial Corp. has terminated a master repurchase agreement and securities contract with Credit Suisse First Boston Mortgage Capital and Morgan Stanley Bank, according to filings with the Securities and Exchange Commission. The financing arrangement was struck on June 3, 2020 with the maximum aggregate borrowing authority totaling $300

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