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Amid Talk of Industry Layoffs, UWM is Hiring

July 6, 2018
With loan production on a downward trajectory this year, rumors abound regarding industry layoffs, but at least one top-ranked lender is still actively hiring: United Wholesale Mortgage, Troy, MI.
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Street Firms Inch Their Way Back into the Nonprime (Non-QM) Market

July 5, 2018
Paul Muolo
A handful of Street firms are now actively making repo lines in the sector…
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Despite Higher Rates, ARMs Slow to Catch On

July 5, 2018
Brandon Ivey
The top six ARM lenders are all commercial banks, led by Bank of America…
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Trump Plan Calls for Moving USDA Housing Programs to HUD

July 5, 2018
George Brooks
Rep. Kenneth Lucas, R-KY, worried that rural communities face challenges that are far different than those faced by typical FHA or VA homebuyers…
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Amid Talk of Industry Layoffs, United Wholesale is Hiring

July 5, 2018
Paul Muolo
According to figures compiled by Inside Mortgage Finance, UWM ranks ninth overall among all lenders, and is poised to move up in the rankings...
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MBA: Mortgage Applications Post a Slight Decline

July 5, 2018
Paul Muolo
Brace yourself, new mortgage employment figures will be released Friday morning…
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Short Takes: Megabank Bidding on VA IRRRLs / HUD Didn’t Fix the Mess / Blame the Dodd-Frank Reform Act / Applies to REMICs Only / JPM Remains the FHLB Advance King

July 5, 2018
Carisa Chappell and Paul Muolo
Needless to say, the VA IRRRL issue is complicated...
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LenderLive Pondering a Sale? Or Something Else?

July 5, 2018
Paul Muolo
In July 2017, the vendor named Rob Clements chairman and CEO and John Surface president and chief operating officer. Both came over from EverBank Financial…
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Fannie Mae Servicer Seterus the Foreclosure King of California?

July 5, 2018
Paul Muolo
Seterus is owned by IBM, but the vendor doesn’t even mention the ownership link to ‘Big Blue’ in the “About Us” section of its website…
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DBRS Tops in Rating Non-Agency MBS

July 5, 2018
John Bancroft
Kroll Bond Rating Service moved up from fourth place in 2017 to start this year in second…
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