It’s been a quiet year for mortgage-related M&A. (Credit the pandemic and the resulting refi boom.) Meanwhile, some ponder what a normal origination year might look like.
Among the allegations: Low VA Rates advertised loan terms that it wasn’t actually prepared to offer. The agency said the nonbank has mailed millions of mortgage advertisements to consumers since January 2016.
On Friday, Black Knight Financial released its forbearance tally, saying cases declined by 11,000 units for the seven-day period, ending October 20. Roughly, three million mortgagors remain in active COVID-related relief programs, the analytics firm noted.
“While 2003 was a bigger overall mortgage year than 2020 will be, the GSE portion of the market is larger and will likely push this into the biggest year for Fannie and Freddie ever,” said Dave Stevens, the former FHA commissioner.