Jumbo Production Rises, JPM the Market Leader August 30, 2023 James Dohnert The top five jumbo producers for the first half of the year: JPMorgan, Wells Fargo, BofA, U.S. Bank and Citi...Read More
A New Production Chief at Guaranteed Rate? August 30, 2023 Paul Muolo GR's Chief of Retail Production, John Palmiotto, recently departed for a position at The Money Store in New Jersey.Read More
Did the CFPB Overreach in Freedom RESPA Case? August 29, 2023 Sam Manas One veteran mortgage attorney said the CO listed several actions but without any connection to the RESPA anti-kickback law...Read More
Cost-Cutting in the Non-QM Sector: Nothing is Off the Table August 29, 2023 James Dohnert When it comes to cutting origination costs, nothing is sacred, noted one CEO...Read More
Guild’s Hunger for M&A Continues August 29, 2023 Paul Muolo Earlier this year, the San Diego-based Guild bought two franchises: Cherry Creek and Legacy Mortgage...Read More
New Disclosures From Better.com: A 2Q23 Loss and Breaches in Fannie Contract August 28, 2023 Paul Muolo To stay out of trouble, in late July the lender had to enter into a “pledge and security” agreement with Fannie...Read More
Change Lending Reportedly Loses CDFI Designation August 28, 2023 James Dohnert While Change Lending is no longer on the list, its parent company, The Change Company CDFI, remains...Read More
The LO Bidding Wars Have Ended. Sort Of... August 28, 2023 Paul Muolo One recruiter remarked, "Does anyone in this industry ever rein themselves in?”Read More
Wholesale Channel Share Hits Post-2009 High August 25, 2023 John Bancroft The wholesale-broker share of originations hit 16.8% in the second quarter.Read More
Federal Agencies Plan Roundtable on Special Purpose Credit Programs August 25, 2023 Brandon Ivey Speakers at the roundtable will include the heads of four federal agencies along with industry participants.Read More
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