The residential mortgage market took an unusual turn in the second quarter as retail production gained ground under conditions that generally favor third-party channels. [Includes four charts.]
Despite stiff headwinds, first-time homebuyers still play a key role in the mortgage market and that’s not expected to change anytime soon, according to industry insiders.
Quicken Loans this month lost one of its biggest broker-partners, C2 Financial Corp., laying the blame on BRAWL, United Wholesale Mortgage and UWM’s CEO Mat Ishbia.
With refinance business drying up, more lenders and loan aggregators are entering the expanded-credit market, launching non-qualified mortgage programs and other products.
The residential mortgage market took an unusual turn in the second quarter as retail production gained ground under conditions that generally favor third-party channels...
Freddie Mac Tuesday afternoon announced an approximate $1.45 billion Seasoned Loans Structured Transaction of a pool of seasoned reperforming loans, the largest SLST deal of this year...
The Conference of State Bank Supervisors recently announced that all states and U.S. territories now use a single, common exam to assess mortgage loan originators...
yyang@imfpubs.com Mortgage Bankers Association is concerned that many lenders won’t be eligible for a new 20 percent tax deduction for pass-through entities. Lenders that retain their production in portfolio look to be eligible for the deduction, but there is uncertainty around businesses that originate and sell loans. In a letter to the Internal Revenue Service, the MBA argued companies that finance real estate loans should be able to claim the deduction. See this Friday’s edition of…
Fannie Mae came under heavy criticism from certain elected officials and affordable housing advocates for extending $1 billion in financing to Invitation Home Loans, an SFR operator that’s publicly traded.
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