IMFnews

June 5, 2018

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Guaranteed Rate Plots Growth with ‘Aggressive’ Recruiting of Underwriters, Processors

GR is aggressively recruiting mortgage processors, underwriters and secondary analysts... Read More

Flagstar Agrees to Buy 52 Branches and Loans from Nation’s Largest Home Lender, Wells Fargo

A Wells Fargo spokesman: "We currently have 33 home lending locations in those states and no home lending team members will be moving to Flagstar as part of this divestiture." Read More

Tepid Increase in Subservicing Contracts During 1Q18

“There could be some sector consolidation down the road,” noted Allen Price, senior vice president in charge of business development for RoundPoint Mortgage… Read More

MBA Wants FHFA to be More Transparent on New GSE Activities

MBA: “An important recent example is the use of a single vendor for various aspects of a major enterprise technology project, thereby forcing many lenders to choose whether to retain their existing vendors or switch to the lone ‘approved’ vendor.” Read More