The Ginnie Mae early buyout game is catching on fast, with new players entering the fray. loanDepot recently increased a repo line, bolstering its ammunition.
As we went to press Thursday, Fairway declined to comment but a Quicken spokesman had this to say: "It’s disingenuous that two of the three brokers in this [UWM] press release have done no appreciable business with Rocket Pro TPO. How is this newsworthy in any way? So the news here is that brokers that are already in Mat’s camp are signing with him? That’s intentionally misleading"...