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WEBA blog post from the Consumer Financial Protection Bureau cited data from the pandemic refi boom to show Blacks and Hispanics had limited opportunity to drop their interest rate. News analysis and perspective from National Mortgage News, an award-winning comprehensive digital resource serving the entire residential mortgage industry.
Wells Fargo commercial servicing sale makes Trimont a leader
WEBAug 20, 2024 · Wells Fargo plans to exit the third-party, non-agency commercial mortgage servicing business through a sale that will make the buyer a leader in one portion of the U.S. market. The Atlanta-based Trimont has agreed to buy non-agency servicing in the acquisition. Wells will retain certain servicing for government-related mortgages.
Layoffs - National Mortgage News
WEBNonbank mortgage jobs rise for the first time in a year. Staff retained or added for the spring homebuying season has stemmed the tide of layoffs for now, according to the Bureau of Labor Statistics' latest figures. By Bonnie Sinnock. June 2. Mortgages.
2020's mergers and acquisitions in mortgage
WEBDec 28, 2020 · Intercontinental Exchange buys Ellie Mae for $11B. Intercontinental Exchange, which also owns MERS and Simplifile acquired Ellie Mae from private equity firm Thoma Bravo in a deal that valued the mortgage-lending platform at about $11 billion. Thoma Bravo took Ellie Mae private in a $3.7B deal in February 2019.
8 cybersecurity developments in the mortgage industry
WEBJun 17, 2022 · Cyberattacks are on the rise these days. Recent instances within the mortgage industry include Lakeview Loan Servicing discovering a data breach impacting more than two and a half million customers, while AFR reported more than 200,000 borrowers were affected by various extortion attacks. Read our roundup for more on these stories and other ...
20 mortgage servicing banks with the largest MSR volumes
WEBOct 24, 2022 · The top five banks in our ranking have a combined MSR volume of more than $15 billion at the end of Q2. Many servicers saw growth between Q1 and Q2, with one seeing growth of 42.14%. This ranking is based upon MortgageStats data drawn from uniform bank performance reports filed to the Federal …
Mortgage application volumes surge | National Mortgage News
WEBBy Spencer Lee. August 14, 2024, 7:03 a.m. EDT 4 Min Read. The recent pullback in interest rates drove another surge in loan application volumes, with refinances running at more than double the pace of a year ago, the Mortgage Bankers Association said. Spencer Lee. Reporter, National Mortgage News. For reprint and licensing requests for this ...
2021's Top Producers, Nos. 1-50 - National Mortgage News
WEBApr 12, 2021 · For the first time in the 23-year history of National Mortgage News' survey, there is a billion dollar producer at the top of the list. Christopher Gallo, a senior loan officer at NJ Lenders Corp. in Ho-Ho-Kus, N.J., logged …
Mortgage performance indicators change gears in two reports
WEBJul 24, 2024 · The forbearance share for these loans rose 5 basis points to 0.44%. In comparison, loans sold to government-sponsored enterprises Fannie Mae and Freddie back experience were only up by a single basis point at 0.11%. The forbearance rates for mortgages in the private market's bank portfolios or …
The Top Producers of 2022: The complete list - National Mortgage …
WEBApr 12, 2022 · Last year, mortgage originators had the best of everything — low interest rates that attracted plenty of refinancings and increasing purchase demand at the same time. While they're preparing for a rockier road ahead, we're celebrating their accomplishments in 2021.
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