The agreement restricts broker partners from sending loans or applications to Rocket Mortgage and Fairway Independent Mortgage. The California-based broker said the provision is illegal and anticompetitive.
If rates keep rising, owners of MSRs can mark up the value of this esoteric asset when reporting first-quarter results. As for the fourth quarter of 2021, conservatism was the watchword.
Non-agency mortgages for investment properties are increasing thanks to volatility in GSE pricing and lenient underwriting standards. Volume could take a hit as interest rates increase.
The Federal Housing Finance Agency’s OIG found that the $250,000 “retention award” in question could amount to the payment of a “bonus” in violation of the STOCK Act.
In the market share wars, one company’s difficulty is another shop’s opportunity. As the second month of a new year begins, stakeholders survey the origination landscape.
When it comes to guarantee fees, some industry participants say they don’t see much policy difference between current FHFA Acting Director Sandra Thompson and her predecessor, Mark Calabria.
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