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April 11, 2017

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With Originations Down in 1Q17, Lenders Keep an Eye on Expenses; Some Banks Pondering FHA Again?

“There are a couple of big banks looking at FHA again,” said the consultant, but he declined to identify the shops, citing client confidentiality. Read More

Mortgage Brokers Lost GSE Market Share in 1Q17; Lowest Reading in Six Years

A new Inside Mortgage Trends analysis reveals that the supply of mortgages originated in the wholesale-broker market fell 42.8 percent during 1Q17… Read More

UWM Parent Agrees to $1.4 Million Settlement with California for Improper Interest Rate Charges

CEO Mat Ishbia said the interest-rate issue concerned just 5 percent of the lender’s loans that were closed in California between 2011 and 2014. “We didn’t benefit one penny and not one borrower was harmed,” he said.- Read More

Mortgage Employment Keeps Rising, but for How Long?

Jeff Detwiler, president of Long & Foster, which also owns a mortgage banking firm, said the company’s attrition rate “is at its lowest.” Read More

Treasury Backs Away from Supporting Current FHFA Structure

In a March 24 advisory, the Treasury Department announced its change of heart regarding the legal structure of the FHFA… Read More

Short Takes: Consumer Complaints Center on Credit Bureaus / LenderLive Completes PHH Deal / New Rez Issues Non-Agency MBS / Ben Carson’s ‘Listening Tour’ Arrives in Jacksonville, FL / Norcom Opens Denver Branch

LenderLive hired a majority of the former PHH employees and rebranded the private-label facility... Read More

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