The Department of Housing and Urban Development plans to sell about $1.3 billion of nonperforming residential loans next month.
The sale of 24 pools of nonperforming single-family loans is scheduled for Nov. 18, according to a
The sale is being conducted as part of HUD's Distressed Asset Stabilization Program.
Since the National Association of Realtors changed its commission payment rules on Aug. 17, the impact on agent compensation has varied.
The Federal Reserve Board lifted two enforcement actions against the megabank dating back to 2011. But the Fed's seven-year-old asset cap remains in effect.
The newly created entity, Rithm Acquisition, is a possible, albeit unlikely, way to finally take its NewRez mortgage lending business public.
Some mortgage stakeholders say Trump's tariffs would make interest rates rise and housing costs shoot up.
Desmond will be succeeding Pierre Naudé in leading the bank technology provider.
Donald Trump's second administration is widely expected to be far less skeptical of bank mergers than the Biden administration has been, but industry experts say that political opposition to big bank mergers and business considerations will still be roadblocks.
