Rome did so by invoking its “golden power,” which was originally designed to stop foreign takeovers from threatening national security. That move did not go unnoticed in Brussels, where officials opened two distinct probes into the matter, led respectively by the financial services and the competition directorates. It has also triggered an exchange under the
Jacobson and Sturges worked together at Waterfield Mortgage “decades ago and have remained industry acquaintances ever since,” Jacobson said in a statement. The acquisition brings a smaller but regionally focused team into Fairway’s fold. Hallmark had 45 sponsored loan officers and 19 active branches as of Wednesday, per Nationwide Multistate Licensing System (NMLS) data. Fairway,
Fueling this moment is a persistently high interest rate environment, which has increased the value of mortgage servicing rights (MSRs) — the asset outsourced to subservicers — due to slower prepayment speeds. For subservicers, managing loans can generate stable income through fees, and when agreements allow and align with their strategy, it opens doors for