Smaller servicers of Fannie Mae and Freddie Mac mortgages gained ground on their larger counterparts in the second quarter, according to Inside The GSEs.
The homeowners-to-population ratio better reflects the share of adults who are homeowners, according economists at the Federal Reserve Bank of Minneapolis.
Reprise Financial, formerly doing auto loans as Skopos, will issue its first ABS backed by personal loans, some of which rely on used cars as collateral.
Competition for positions is getting steeper among loan officers as hiring continues to stagnate, but tech-driven productivity gains means potential payoffs for top performers are higher than ever.