“In many cases, Wells stopped accepting electronic mortgage payments after it placed homeowners into the unwanted forbearance, causing those who were current on their loans to become delinquent without their knowledge and through no fault of their own,” said Kellett & Bartholow.
Year-to-date production, $1.852 trillion as of Halloween, was up 131.5% from last year. It’s a foregone conclusion that Fannie and Freddie this month will top the current $1.912 trillion annual record for GSE MBS issuance set back in 2003.
The top officer of Ginnie Mae announced his resignation this week as the nation gets ready for a new occupant in the White House. A successor? Not yet.
The fix-and-flip lender relaunched production in September but doesn't expect originations to return to pre-COVID levels until the second quarter of 2021.
Mortgage professionals should ensure social media endorsements, online advertisements and other “virtual” marketing services comply with anti-kickback provisions.
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