Industry Watch: Freddie Mac announces direct-deposit income assessment, Homepoint outsources servicing and more
Reading Time: < 1 minuteHomepoint announced an outsourcing agreement with ServiceMac, which will now handle Homepoint’s servicing operations. The arrangement, according to a statement from Homepoint, will enable the company to “redeploy resources to support growth in Homepoint’s originations channels, including expanding product offerings.” ServiceMac is expected to begin servicing loans on behalf of Homepoint in second-quarter 2022. Under […]
January existing-home sales grow as buyers race against rising rates
Reading Time: 2 minutesDespite rising interest rates and eroding affordability, existing-home sales saw a monthly increase in January, bouncing back after receding month over month in December, according to the National Association of Realtors (NAR). Existing-home sales came in at a seasonally adjusted annual rate of 6.5 million units in January, down 2.3% from the same month in […]
Notable mortgage industry hires and promotions, Feb. 14-18
Reading Time: 3 minutesFreddie Mac appointed Heidi Mason as executive vice president and general counsel. She brings 25 years of experience in mortgage lending, financial services, consumer protection and securities law to Freddie Mac. Mason will join the company on March 7. She joins Freddie Mac from ElevateNext Law, where she served as a partner and provided legal, […]
