Borrowers cited “best interest rate” as the reason they went with a particular lender in only 2.0 percent of purchase-mortgage transactions and 6.0 percent of refinances.
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.
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.]
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…
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...
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 residential mortgage market took an unusual turn in the second quarter as retail production gained ground under conditions that generally favor third-party channels...
With refinance business drying up, more lenders and loan aggregators are entering the expanded-credit market, launching non-qualified mortgage programs and other products.
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.
RSS