The nation’s 12th largest servicer of residential loans said other options include a “business combination” or maintaining its status as a standalone entity.
In April 2018, more than 24 percent of FHA homebuyers left the closing the table with debt-to-income ratios at or above 50 percent, up from 20 percent from the same period last year.
Internet retail giant Amazon.com is exploring the idea of buying a mortgage banking franchise and making a splash in this highly cyclical business. But two huge questions loom: Will it actually happen? And if so, will Amazon disrupt the residential lending landscape the way it has brick-and-mortar retailers at the shopping mall?
Not many mortgage lenders found a way to boost production volume in the first quarter of 2018, but mid-size and smaller shops generally fared better than the industry giants, according to an Inside Mortgage Finance ranking and analysis. [Includes two data charts.]
LenderLive, a third-party service provider and correspondent lender, is weighing its options and has hired investment banker Houlihan Lokey, according to industry advisors familiar with the firm.