July 2, 2020By Paul MuoloOriginations Appear to Have Topped Expectations in 2QThe book just closed on the second quarter, and it appears that many nonbank originators closed more loans than they did in 1Q20.
July 2, 2020By Brandon IveyImpac Scales Back Production in a Bid to Reach ProfitabilityThe nonbank took a large loss in the first quarter and halted production. Officials at the firm are now betting on originating GSE-eligible mortgages through call centers to return to profitability in the third quarter.
July 2, 2020By Maria VolkovaHECM Lenders See an Increase in ApplicationsThe financial turmoil caused by the coronavirus pandemic has prompted many seniors to consider, for the first time, a reverse mortgage.