Zillow Group officially launched its new real estate search site, RealEstate.com, on Tuesday, unveiling a web experience designed to help more Millennials and prospective first-time homebuyers become actual homebuyers.
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In its second acquisition for the year, Require Holdings announced it acquired Service 1st Valuation and Settlement Services, a provider of valuation risk management services. Under the acquisition, Service 1st will be a wholly owned subsidiary of Require Holdings, joining its portfolio of companies.
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Amid some concerns that New Residential Investment may pull some of its mortgage subservicing from Ocwen Financial, the two companies are reportedly close to a massive mortgage servicing rights deal that would alleviate some of Ocwen’s business concerns and make New Residential a significant investor in Ocwen itself.
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The credit risk transfer market is getting ready for the possibility of GSE reform, as some industry experts forecast it could be coming soon. At the MBA’s Secondary conference in New York City, panelists explained more investors will continue to join the market in the near future.
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The National Credit Union Administration announced it recovered even more money from losses over residential mortgage backed securities. This time around NCUA, on behalf of U.S. Central Federal Credit Union and Western Corporate Federal Credit Union, recovered $445 million from UBS.
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Cardinal Financial Company announced the launch of Cardinal Financial Wholesale, its new wholesale channel. On top of this, the company is increasing its digital efforts, revealing a new end-to-end digital solution for the wholesale loan process.
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The House Committee on Financial Services is set to mark up the Republican-led Financial CHOICE Act, the leading replacement for the Dodd-Frank Wall Street Reform and Consumer Protection Act, on Tuesday. And moving quickly to the scheduled markup, committee Republicans aren’t wasting any time. So what is their latest move to get their point across to constituents? A 90-second promotional video.
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