US Jobs Report Weak, Mortgage Sector Revised Up
Although the number of jobs added in all American industries weakened last month, the government revised up its estimate of non-mortgage jobs for each month of last year.
Mortgage Wholesaler Launches Non-QM Programs
Multiple mortgage lending programs that don't meet Qualified Mortgage requirements are being offered to mortgage loan brokers.
Mortgage Jobs Slip Despite Strong US Employment
Although employment across all U.S. industries made a healthy gain last month, monthly staffing in the home lending business moved modestly lower.
Mortgage Broker Employment Drops as US Jobs Expand
Despite a solid improvement in U.S. employment and an increase in non-bank mortgage lending jobs, mortgage broker staffing contracted.
Wholesale Lender Offering 90% Ltd Doc Subprime
A wholesale lender operating from Southern California is promoting a high loan-to-value, limited-documentation program for subprime borrowers.
Former Cop Admits Role in Mortgage Broker Fraud
A former police officer who was honored for his efforts in reducing violent crimes has admitted to his role in a pre-crisis mortgage fraud scheme.
CT Mortgage Firm Converts From Broker to Banker
Norcom Mortgage has made the conversion from mortgage broker to mortgage banker -- growing from dozens of employees to hundreds in the process.
Mortgage Jobs Expand, U.S. Employment Strong
U.S. employers were aggressive about hirings last month, sending unemployment to a seven-year low. Mortgage jobs also fared well in the government report.
Prison for Mortgage Broker Who Deceived Investors
A former mortgage broker out of Northern California has been sentenced to three years in prison by a federal judge for allegedly deceiving note investors on bridge loans.
Mortgage Jobs Hold Up as U.S. Employment Weakens
Among all industries, hirings weakened last month, and the prior month numbers were revised down. But staffing in home lending held steady and could strengthen thanks to a steep decline in rates today.