Volume was up more in correspondent and wholesale-broker platforms, but retail continued to account for just over half of government-insured lending in the third quarter.
United Wholesale Mortgage, a top-ranked government lender, will become public sometime next month. At least, that’s what the firm is planning. Meanwhile, the nonbank is being sued by a small group of loan brokers over commissions.
It’s no secret that early buyouts of delinquent FHA and VA loans are rising. Ginnie Mae, as might be expected, is keeping a close watch. (Includes data chart.)
Freedom Mortgage ranked as the top FHA lender and the top VA lender at the nine-month mark, though the competition was catching up on the VA side. (Includes three data charts.)