Warehouse providers of credit ended the second quarter of 2017 with $64.0 billion of commitments on their books, a modest 8.5 percent sequential gain, reflecting a strong – but not an overheated – origination market for nonbank originators. Compared to the same quarter a year ago, commitments increased 12.3 percent. According to interviews conducted by Inside Mortgage Finance this week, credit managers are...[Includes one data table]
Meanwhile, United Wholesale Mortgage CEO Mat Ishbia said the nation’s largest wholesaler is not cancelling any closings because of Irma, at least not yet...
Sounding like a candidate, the CFPB Director noted: “If we do not push back on the forces that press people down, we are allowing America’s promises to go unfulfilled.”