Impac’s return to profitability occurred as the nonbank slashed spending on marketing and reduced staffing levels. The lender spent $2.0 million on business promotion in the second quarter compared to $9.0 million a year ago...
The top-10 originator recently agreed to buy mid-sized lender J.G. Wentworth Home Loans of the mid-Atlantic. M&A sources contend that Stan Middleman’s shop has more deals in the pipeline.
New mortgage applications increased 5.3% for the week ending August 2, according new figures released by the Mortgage Bankers Association. The refi share inched up to 53.9% of new business from 50.5% the week prior.
FHA originators use LRS for post-endorsement loan reviews, unconditional direct-endorsement test cases, lender monitoring reviews, and self-reporting of fraud…
Oftentimes, when discussing compensation, the focus is on the top earners but those interviewed by IMF said there’s plenty of middle-market CEOs and production chiefs earning at least $1 million a year.