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Excess workforce drove up loan production costs more than 20% last year

National Mortgage
Mortgage Finance
3 years ago

The swift pullback in borrower demand combined with a surplus of staff led nonbank lenders to post an average loss,.. Read More;

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Mortgage origination outlook brightens in March

National Mortgage
Mortgage Finance
3 years ago

The beginning of spring marked a reawakened housing market. After months of tempered housing activity, rate lock dollar volumes swelled,.. Read More;

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Bond market is overplaying the risk of a deep recession

National Mortgage
Mortgage Finance
3 years ago

(Bloomberg) -- When banks started going belly-up, the reaction in bonds was emphatic. Two-year Treasury yields slid a percentage point,.. Read More;

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Home Loan banks' liquidity mission is vital to housing and development

National Mortgage
Mortgage Finance
3 years ago

The Federal Home Loan banks provide funding for housing initiatives around the United States.Adobe Stock Throughout my career,,.. Read More;

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Has Texas Lending folded?

National Mortgage
Mortgage Finance
3 years ago

Texaslending.com, a Dallas-based origination shop, has reduced its headcount. At the beginning of March, over 40 LOs were sponsored by,.. Read More;

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Three Recent Posts to Get You Ready for the next Bank of Canada Meeting | Dave The Mortgage Broker

Dave The Mortgage Broker
Mortgage Finance
3 years ago

I hope that you enjoyed the break. I took the long weekend off, so there won’t be a new post,.. Read More;

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Zillow to pay $15 million settlement in shareholder suit

National Mortgage
Mortgage Finance
3 years ago

A judge has given preliminary approval to a $15 million settlement from Zillow Group to shareholders who sued the firm,.. Read More;

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Home Point sells wholesale business to The Loan Store

National Mortgage
Mortgage Finance
3 years ago

Amid pricing wars in the channel and an uncertain economic outlook, Home Point announced Friday that it will sell off,.. Read More;

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More than 10% of recent homebuyer loans are slipping underwater

National Mortgage
Mortgage Finance
3 years ago

The share of recent homebuyers with negative equity has moved into the double digits, two recent reports show.More than 11%,.. Read More;

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Freddie Mac, Ginnie Mae, Finance of America make leadership moves

National Mortgage
Mortgage Finance
3 years ago

Also, MISMO names new president, Mr. Cooper appoints chief officers, Cenlar, Dovenmuehle add to servicing teams and Fairway goes in,.. Read More;

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FDIC taps BlackRock to manage sale of failed bank assets

National Mortgage
Mortgage Finance
3 years ago

WASHINGTON — The Federal Deposit Insurance Corp. announced Wednesday it would tap the world's largest asset management firm, BlackRock Financial,.. Read More;

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FDIC to take a closer look at property appraisal bias

National Mortgage
Mortgage Finance
3 years ago

Martin Gruenberg, chairman of the Federal Deposit Insurance Corp. said the agency's efforts to root out appraisal bias will help,.. Read More;

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