Mortgage forbearance rate continued to decline in July

Servicers’ forbearance portfolio volume descended in July since mortgage forbearance rate dropped below 1% in April. The total number of loans decreased one basis point to 0.34%, according to Mortgage Bankers Association (MBA). The mortgage forbearance rate on a declining trend is positive news after … Continue readingMortgage forbearance rate continued to decline in July

Mortgage forbearance rate continued to decline in July

Servicers’ forbearance portfolio volume descended in July since mortgage forbearance rate dropped below 1% in April. The total number of loans decreased one basis point to 0.34%, according to Mortgage Bankers Association (MBA). The mortgage forbearance rate on a declining trend is positive news after … Continue readingMortgage forbearance rate continued to decline in July

Wells Fargo to shutter correspondent lending?

In the face of a declining mortgage market and heightened regulatory scrutiny, Wells Fargo, the country’s largest depository mortgage lender by volume, is planning for a smaller footprint in correspondent lending and third-party servicing business. The depository bank will likely shrink or potentially halt correspondent … Continue readingWells Fargo to shutter correspondent lending?

Wells Fargo to shutter correspondent lending?

In the face of a declining mortgage market and heightened regulatory scrutiny, Wells Fargo, the country’s largest depository mortgage lender by volume, is planning for a smaller footprint in correspondent lending and third-party servicing business. The depository bank will likely shrink or potentially halt correspondent … Continue readingWells Fargo to shutter correspondent lending?

Steps to win with non-QM for a strong second half of 2022

Non-QM is an ideal way to protect your volume and referral base, especially in times when the market is volatile. Non-QM is increasingly important as its share of overall volume continues to rise as more borrowers need it to qualify for a loan.  Originators utilizing … Continue readingSteps to win with non-QM for a strong second half of 2022

Don’t miss the “Making Stats a Reality” panel at the Women of Influence Forum Oct. 3

By now, it is no surprise to hear that promoting women to leadership positions is beneficial for company performance and company culture, but it is time to go beyond talk. These leadership duos will share their experience in finding allies in the c-suite during the … Continue readingDon’t miss the “Making Stats a Reality” panel at the Women of Influence Forum Oct. 3

Don’t miss the “Making Stats a Reality” panel at the Women of Influence Forum Oct. 3

By now, it is no surprise to hear that promoting women to leadership positions is beneficial for company performance and company culture, but it is time to go beyond talk. These leadership duos will share their experience in finding allies in the c-suite during the … Continue readingDon’t miss the “Making Stats a Reality” panel at the Women of Influence Forum Oct. 3