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White House Initiative on Historically Black Colleges and Universities Names 2024 HBCU Scholars

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`The White House Initiative on Advancing Educational Equity, Excellence, and Economic Opportunity through Historically Black Colleges and Universities (HBCUs) is proud to announce the 2024 cohort of HBCU Scholars, marking the 10th anniversary of this transformative program. details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: Website of U.S. Department of Education

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FOA reports loss in Q2 but notes improved performance

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Industry-leading reverse mortgage lender Finance of America (FOA) recorded another loss in the second quarter of 2024, but it managed to move closer to profitability while also expanding its dollar volume of loans through other business metrics that show improvement. This is according to the company’s Q2 2024 financial results, as well as statements given […]

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Refi activity picks up to highest level in two years

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Refinance applications picked up as mortgage rates fell last week, but purchase loan activity had only a small gain, according to data released Wednesday by the Mortgage Bankers Association (MBA). The MBA’s survey — which covers 75% of all retail residential mortgage applications in the U.S. — found that the seasonally adjusted refinance index increased […]

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U.S. Department of Education Announces Schedule and New Process to Launch 2025-26 FAFSA Form

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The U.S. Department of Education (Department) today announced that the 2025-26 Free Application for Federal Student Aid (FAFSA® form) will be launched through a new process. Starting on October 1, the Department will release the 2025-26 FAFSA form for testing with a limited set of students and institutions. The Department will make the application available […]

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loanDepot sells MSRs, improves margins in Q2

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California-based mortgage lender loanDepot reduced its financial loss in the second quarter of 2024 while still feeling the impacts of a January cyberattack. During the three-month period, the company increased its volumes and margins while implementing an efficiency program and selling mortgage servicing rights (MSRs). On Tuesday, loanDepot reported a non-GAAP adjusted net loss of […]

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Lower taps TLOP’s Dustin Owen as SVP of growth

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Lower continues to make moves designed to support its expansion efforts, hiring former Waterstone Mortgage executive Dustin Owen as its new divisional sales leader and senior vice president of growth. Owen, who is based in the Orlando area, spent the past 16 years at Waterstone, most recently as its vice president of Eastern division sales. […]

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NRMLA, MBA submit HMBS 2.0 comments to Ginnie Mae

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The National Reverse Mortgage Lenders Association (NRMLA) and the Mortgage Bankers Association (MBA) have submitted a joint letter to Ginnie Mae acting president Sam Valverde, offering their thoughts and perspectives on the government-owned company’s proposed supplemental Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) program. That program, referred to by industry participants as “HMBS 2.0,” was […]

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Beyond credit repair: CreditXpert’s game-changing impact

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CreditXpert stands apart in the industry by offering innovative solutions that emphasize credit optimization over traditional credit repair. In this executive conversation with Mike Darne, VP of Marketing, we explore how CreditXpert is delivering precise credit optimization solutions and their commitment to making homeownership more accessible and affordable. HousingWire: CreditXpert brings value to people in […]

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Shah Rukh Khan to be honored at Locarno Film Festival

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Geneva — Switzerland’s Locarno Film Festival opens on Wednesday with Shah Rukh Khan, Jane Campion, Alfonso Cuaron and Irene Jacob set to be honored with special awards. Founded in 1946, Locarno is one of the world’s longest-running annual film festivals and focuses on auteur cinema. Held on the shores of Lake Maggiore, in the Italian-speaking Ticino […]

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With $97M in 2nd weekend, ‘Deadpool & Wolverine’ sets record

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New York — After 10 days in theaters, “Deadpool & Wolverine” is already the highest-grossing R-rated movie ever, not accounting for inflation. In its second weekend, the Marvel Studios blockbuster starring Ryan Reynolds and Hugh Jackman continued to steamroll through movie theaters, collecting $97 million according to studio estimates Sunday. That raised its two-week total to […]

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Olympic and faith leaders seek reset after opening ceremony outcry, while chaplains welcome athletes 

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PARIS — Faith leaders gathered with Olympic officials Sunday morning in front of Notre Dame Cathedral to celebrate how “faith and sport can complement each other,” in the words of International Olympic Committee President Thomas Bach. The 2024 Paris Games got off to a rocky start with many religious groups around the world, including the Vatican. […]

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Marchand captures 4th Olympic swimming gold

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NANTERRE, France — The party for Léon Marchand spread beyond the pool, quickly sweeping across Paris. At Stade de France, hosting the first night of track and field, an enormous ovation broke out when Marchand won his fourth gold medal of the Olympics. The roar was so loud that the first heat of the 400-meter run […]

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Mortgage tech company Consolidated Analytics acquires Investor Claim Solutions

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Santa Ana, California-based mortgage services and data firm Consolidated Analytics announced on Friday that it has acquired the assets of investor claims and loss-analysis company Investor Claim Solutions (ICS). Consolidated Analytics is a private company and terms were not disclosed. The company stated that the acquisition will help it improve its overall market position as […]

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U.S. Department of Education’s Office for Civil Rights Announces Resolution of Complaint Against Drexel University Alleging Antisemitic Discrimination

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The U.S. Department of Education’s Office for Civil Rights (OCR) today announced that Drexel University in Pennsylvania has entered into a resolution agreement to ensure compliance with Title VI of the Civil Rights Act of 1964 (Title VI) when responding to allegations of discrimination or harassment based on national origin, including shared Jewish ancestry. details […]

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OceanFirst Bank to acquire Garden State Home Loans

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Two lenders based in New Jersey have struck an M&A deal. OceanFirst Bank N.A. is acquiring Garden State Home Loans Inc., which will become a new division for the regional depositary bank, HousingWire has learned. Garden State’s president and CEO, Justin DeJoseph, emailed employees on July 25 to announce the transaction. In the message reviewed […]

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Longbridge parent completes second proprietary reverse mortgage securitization of 2024

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Connecticut-based Ellington Financial, the parent company of top-10 reverse mortgage lender and servicer Longbridge Financial, announced this week that it has completed a securitization backed by a pool of proprietary reverse mortgages. The $232 million securitization closed on Thursday and was backed by a pool of proprietary reverse mortgages, all of which were originated by […]

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Mortgage rates drop to lowest level of 2024

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The average 30-year fixed-rate mortgage dropped to 6.62% on Thursday, a new low for 2024 that appears to be tied to the expectation that the Federal Reserve could move to cut interest rates at its next meeting in September. This is according to data reported by Mortgage News Daily. On Wednesday, Fed Chair Jerome Powell […]

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Young fencer shows NY grit on Paris 2024 stage

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EAUBONNE, France — Growing up in cutthroat New York gave Lauren Scruggs the competitive mindset needed to claim an unexpected fencing silver medal on her Olympic debut in Paris. The 21-year-old Queens native shared the podium with fellow American Lee Kiefer, who retained her Olympic title in the women’s individual foil event gold medal bout on […]

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a360inc acquires ProVest to expand tech offerings for mortgage industry partners

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Technology and outsourcing solutions company a360inc announced on Wednesday that it has acquired ProVest, a Tampa-based process and litigation information services provider for creditors. Some of a360inc’s key constituencies include mortgage lenders, servicers and investors, as well as title agencies. The deal includes an investment in a360inc by the funds managed by Morgan Stanley Investment […]

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Rithm‘s Nierenberg says firm is not in a ‘race‘ to grow MSRs

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Like its peers, New York-based asset manager Rithm Capital, the owner of multichannel lender Newrez, has invested in building an extensive servicing portfolio over the past few years. This has occurred both organically and through acquisitions as Rithm aims to retain customers when mortgage rates decline from current levels.  But Michael Nierenberg, the company’s chairman, […]

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Three strategies to elevate customer experience in mortgage servicing

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In the ever-evolving world of mortgage servicing, delivering an exceptional customer experience at every stage of the customer’s journey is a crucial differentiator. Having spent my career focused on transforming and maintaining an outstanding customer experience specific to our industry, I’ve learned that creating a customer-focused team isn’t achieved through policy, technology, or even training. […]

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Biden-Harris Administration Takes Next Step Toward Additional Debt Relief for Tens of Millions of Student Loan Borrowers This Fall

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The Biden-Harris Administration today announced that it will begin the next step toward providing student debt relief to tens of millions of borrowers this Fall. Starting tomorrow, the U.S. Department of Education (Department) will begin emailing all borrowers with at least one outstanding federally held student loan to provide updates on potential student debt relief, […]