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Mortgage Broker News

Last Updated Friday, April 04, 2014 10:15 AM Central

Brokers Sustain Month's Mortgage Employment
Even though U.S. job growth has accelerated, it still was less than investors were hoping for. Monthly mortgage industry staffing was mildly lower but could have been worse were it not for brokers.

Mortgage Broker Wins Appeal in Wholesaler's Lawsuit
A mortgage broker that was found liable for a fraudulent power of attorney used in a refinance transaction appealed the decision -- and won.

New Wholesaler Adding Brokers, Employees
While mortgage brokers have recently lost access to a number of wholesale lenders, one new entrant is quickly ramping up its staffing and client base.

Mortgage Jobs Plummet
The mortgage industry lost more than 2 percent of its workforce during a single month. The news, however, was better for other U.S. industries -- sending interest rates higher.

The Wholesale Mortgage Business
Wholesale providers of home loans are expanding their territories, improving their technology and polishing their brands as they seek to garner a bigger share of the mortgage broker market.

5th Consecutive Month of Mortgage Job Losses
Mortgage employment suffered its fifth straight month of declines. Job growth weakened for all U.S. industries as a whole.

Stearns' Servicing Portfolio Up, Production Sinks
Despite a steep drop in residential loan production at Stearns Lending Inc., the company continued to grow its mortgage servicing portfolio. In line with the slowdown in business, headcount was trimmed.

Bank Closes Wholesale Lending Subsidiary
A New Jersey bank has thrown in the towel on its wholesale lending business thanks to the current regulatory environment.

Wholesaler Claims Top Spot
The wholesale lending arm of United Shore Financial Services LLC claims its quarterly loan originations were higher than at any other mortgage wholesaler.

Contraction Continues With Mortgage Jobs
While the country as a whole continued to add jobs at a healthy pace, the mortgage sector continued to lose jobs. Mortgage employment was higher, however, on a year-over-year basis.

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News about wholesale lenders, correspondent lenders and wholesale mortgage lending programs. Alt-A, subprime and other niche loan programs. Lawsuits between wholesalers and brokers.

Mortgage Broker News | Originator Newsletter
Stories about mortgage brokering and broker programs. Profiles of successful mortgage brokers. Articles about mortgage brokers who excel at other activities. Broker lawsuits and criminal broker activity.

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