Just how important are Fannie Mae and Freddie Mac to the revenue picture of the U.S. government? According to calculations from The Collingwood Group, a Washington-based consulting firm, GSE dividends in 2013 will be the fourth largest source of federal revenue.
Will well-known mortgage trainer Barry Habib stick with Residential Finance Corp., a company whose assets are in the process of being sold? Its hard to say since RFC isnt answering questions on about the firms future.
A handful of firms say they are still aggressively recruiting residential loan officers who have a solid background in purchase-money lending that is, sales professionals with deep ties to Realtors and home builders.
Loan broker Anne James, who runs Reliance Funding in Wittier, CA, told us recently that I have wholesale lenders calling me daily to sign up. She notes, however that Loans are not dropping out of the sky but adds that shes getting quite a few calls for second mortgages.