On Tuesday, Knock's director of sales told loan officers they would receive a 33% reduction in salaries effective Jan. 1. But sources told HousingWire the company reversed course after blowback.
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HousingWire recently spoke to Finance of America Mortgage President Bill Dallas about viable alternative options for homebuyers and the innovative products FAM offers to meet the unique financial needs of today's modern borrowers.
A recent report by the Kroll Bond Rating Agency raises a yellow flag about current loan-review practices in the private-label market that requires examination of the sausage-making.
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The FHFA on Thursday issued a proposed rule that would require Fannie Mae and Freddie Mac to develop, maintain, and submit annual capital plans to the regulator.
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Industry stakeholders and affordable housing advocates welcomed news that the Federal Housing Finance Agency's acting director, Sandra Thompson, was nominated for the permanent role.
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