Portal Lets Investors Pick Home Loans by TPO Source
A new portal promises to help mortgage brokers and loan correspondents improve profits while allowing investors to pick and choose individual loans.
Wholesalers Add FHA, VA and Non-QM Products
Wholesale mortgage lenders have been expanding their offerings recently, and government programs and non-QM programs were among the additions.
Wholesale HECM Business Up Even As Retail Drops
Although monthly production slowed at retail originators of government-insured reverse mortgages, wholesale reverse mortgage lenders saw an up tick.
Solid Growth at Stearns Lending
Stearns Lending Inc. has grown its mortgage servicing portfolio and expanded its staffing. Loan originations have more than doubled over the past year.
Secondary Gains Drive Up Mortgage Production Profits
A surge in secondary marketing gains helped push up how much mortgage bankers earned on their quarterly loan production.
Wholesaler Settles Charges of Discrimination
One of the nation's 25-largest lenders has settled allegations that minority borrowers were charged higher rates and fees on loans originated through its wholesale lending channel.
loanDepot On Pace to Double 2014 Production
Based on lending activity during the first three months of 2015 at loanDepot LLC, full-year mortgage production is on pace to nearly double 2014 volume.
Retail HECM Originations Up Despite Wholesale Drop
Although wholesale lenders scaled back government-insured reverse mortgage originations, retailers made a gain. Urban Financial Group led monthly proprietary activity.
Mortgage Originations Soar at Provident Funding
New business was jump-started at Provident Funding Associates LP. The lender, however, trimmed staffing and cut the size of its servicing portfolio.
Wholesale Lending Spikes at Fairway
Fairway Independent Mortgage Corp. saw quarter-over-quarter growth in home lending, residential servicing and mortgage staffing. Wholesale lending was up by nearly three-fourths.