Contracts, Invoices & Legal

Regulators say the Mississippi-based depository satisfied the terms of the $5 million settlement it reached with Biden administration officials in 2021. View the full article

Mortgage and housing industry groups cheered the U.S. Senate vote, which found only two Democrats crossing over to support Scott Turner's nomination. View the full article

The REIT and its home finance unit are seeking expanded opportunities in servicing and originations as market unpredictability has a mixed impact on its investments. View the full article

A shareholder who claims no bias between United Wholesale Mortgage and CrossCountry Mortgage suggests the servicer must answer to recent allegations. View the full article

The real estate investment trust declared an all-cash offer of $10.80 per share from CrossCountry superior to the fixed stock exchange ratio bid from UWM. View the full article

As measured by earnings available for distribution at the REIT, Two posted a profit of $0.26 per share but this was well below the consensus estimate of $0.37. View the full article

The delay preserves a lifeline for competing bidder United Wholesale Mortgage, which previously reached an agreement to acquire the servicer last year. View the full article

The real estate investment trust said it needed more time for shareholders to vote in favor of the transaction, following speculation it was in trouble. View the full article

The announcement comes following an Institutional Shareholder Services report which urges shareholders to vote no on the CrossCountry Mortgage transaction. View the full article

The lawsuit, which doesn't target UWM, accuses the REIT's CEO and board of directors of suspicious stock sales around the December announcement. View the full article

Using a non-GAAP measurement, the real estate investment trust, preparing to be bought by CrossCountry, reported a $25 million loss for the first quarter. View the full article

The delay in its shareholder meeting to approve the sale to UWM Holdings put Two Harbors back in play, and an undisclosed buyer has stepped up with a new offer. View the full article

The top bullet point in Two Harbors' rejection notice is the Mizuho credit facility does not constitute committed financing for UWM to pay for the deal. View the full article

RoundPoint's corporate parent generated positive comprehensive income with the legal expense excluded and expanded its subservicing activity. View the full article