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Wholesale Mortgage Lending News


broker news | secondary marketing news | PPE directory | wholesale lender directory


Last Updated Thursday, July 24, 2014 08:37 AM Central


Proprietary Reverse Mortgage Origination Sinking
Originators of proprietary reverse mortgages have seen business worsen for three months in a row. On the government-insured side, wholesale reverse lenders have experienced a bigger drop over the past year than retail lenders.

Lenders Load Up on Production Executives
Among several recent executive appointments at home lenders are senior positions in loan production -- including wholesale and correspondent lending. A small servicer named a leader for its new real-estate-owned division.

Wholesale HECM and Proprietary Reverse Biz Sink
Among originators of proprietary reverse mortgages, month-over-month volume tumbled by more than a quarter. On the government side of the business, wholesale production was down nearly a fifth.

BNY Opening Third Party HECM Business
BNY Mellon is getting into the government-insured reverse mortgage business. Loans will be originated through third parties.

Lenders' Staffs Rise Despite Plunging Originations
Even though quarterly originations at independent lenders have fallen by nearly a third over the past year, staffing has increased -- driving loan production income into the red.

New Wholesale Mortgage Lender Launches
The nation's mortgage brokers, who have seen their options for wholesale lenders continue to erode, are being courted by a new wholesaler.

Retail and Wholesale HECM Volume Declines
Deterioration in government-insured reverse mortgage production hit both the retail and wholesale channels. In the non-government sector, Ocwen Financial Corp.'s subsidiary was the leader.

New Business Off at Provident Funding
Provident Funding Associates LP's mortgage lending moved lower -- in line with the industry as a whole. There was little change in the servicing portfolio and staff size.

Wholesale AE Coached Brokers in Mortgage Fraud
A former account executive at a subprime wholesale lender has been sentenced for her role in a mortgage fraud scheme.

New Wholesale Lender Launches
A company that projects it will originate nearly 40 percent more this year than last year is looking to mortgage brokers to help it achieve its goal.

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.


Secondary Marketing News | Correspondent Lender Directory
Mortgage portfolio trades and forward commitments. Correspondent lending, r e p u r c h a s e s and warehouse news. Secondary marketing statistics and lawsuits.




Jumbo Mortgage News

Wholesale Lending News | Directory | P r i cing Engine | Originator Newsletter
News about wholesale lenders, correspondent lenders and wholesale mortgage lending programs. Alt-A, subprime and other niche loan programs. Lawsuits between wholesalers and brokers.



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Top Service Providers for Los
The 2012 Loan Originator Survey looked at which service providers are utilized most by mortgage loan officers.



Wholesale Lender Directory
7 wholesale lending directories including conforming, FHA and nonprime.



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Free news and advice for loan officers.



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Directory of companies that provide pricing engines and loan program search technology.



Pricing Engine News
Stories about loan program searches and loan pricing technology, players and activity.



Pricing Engine
Search for lowest mortgage rates by location and program.



Loan Pricing Engines and Loan Search Engines




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