Mortgages

Commercial / Multi-Family Mortgage Debt Rises at End of 2020

$ in billions Source: Association of Mortgage Bankers Amid the pandemic and driven by multi-family loans, outstanding mortgage debt closed 2020 higher than pre-pandemic levels seen at the end of 2019. That’s according to MBA’s recently released Commercial / Multi-Family Mortgage Debt Report. In the last three months of 2020, …

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WeissLaw LLP investigates Tremont Mortgage Trust

NEW YORK, April 26, 2021 / PRNewswire / – WeissLaw LLP Investigates Possible Breaches of Fiduciary Duty and Other Violations of Law by the Board of Directors of Tremont Mortgage Trust (“TRMT” or the “Company”) (NASDAQ: TRMT) in connection with the proposed acquisition of the Company by RMR Mortgage Trust …

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Nation’s Largest Saver Acquires Top 20 Mortgage Lenders

Flagstar Bancorp Inc., one of the top 20 mortgage lenders doing business nationwide, merges with nation’s largest savings bank, New York Community Bancorp Inc., in $ 2.6 billion deal of dollars that will give the merged company nearly 400 branches in nine states. Flagstar Bancorp Inc., one of the top …

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Mr. Cooper Resolving Unauthorized Mortgage Payment Bill Errors

Mr Cooper was working Monday to cancel unauthorized duplicate payment drafts from some of his borrowers’ bank accounts. The drafts did not affect all customers and reflected an error from an unidentified vendor, according to a corporate blog published on social networks. An investigation found that there was no sign …

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