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.]
Housing and Urban Development Secretary Ben Carson this week reiterated concerns about riskier FHA loans that could endanger the health of the program’s Mutual Mortgage Insurance Fund.
“There is potential for them to issue more guidance, and we hope it to be the right guidance that’s consistent with 40 years of the RESPA law,” said Kenneth Trepeta…
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