2+ day, 18+ hour ago   (1733+ words) The immediate impact of Wednesday's turmoil in the Treasury markets was felt by many in the mortgage business, including brokers, whose wholesalers sent out new rate sheets during the day. Lenders, instead of quoting a static rate, should structure client…...

4+ day, 14+ hour ago   (181+ words) Mortgage Capital Trading, a mortgage capital markets technology provider, announced the addition of Tom Piercy as director of mortgage servicing rights advisory. Piercy brings nearly 40 years of capital markets experience in the valuation, trading and hedging of mortgage servicing rights....

5+ day, 23+ hour ago   (580+ words) Fannie Mae has updated its "highest and best use requirements" for the Uniform Appraisal Dataset 3.6 standard currently being implemented. These changes also involve reporting rental income via this standard. The switchover, which is being phased in, requires all appraisals submitted…...

6+ day, 6+ hour ago   (720+ words) To run its start-up mortgage wholesale production channel, Evergreen Moneysource turned to an executive who has a broad swath of experience in third-party originations, as well as including reverse mortgages and depositories. Bob Marseilles most recently was vice president, third…...

1+ week, 3+ day ago   (615+ words) Following a recent surge in rate-indicative bond yields that could make lending more expensive, one prominent investor in two government-sponsored enterprises is renewing his push for a GSE reform that could lower secondary mortgage market costs. Investor Jon Oksenholt's plan…...

2+ week, 5+ day ago   (953+ words) As the US Treasury market experiences growing instability, a number of more astute independent mortgage bank executives have begun to ponder how to protect themselves and their businesses in a more volatile funding environment. Some have looked at acquiring a…...

2+ week, 5+ day ago   (893+ words) NEXA Lending is acquiring UMortgage, marking a consolidation of two of the most recognized mortgage brokerages in the United States. As part of the deal, all of UMortgage's roughly 275 employees will remain with the company, including its 246 loan officers and…...

2+ week, 5+ day ago   (637+ words) The New York Stock Exchange sent a deficiency letter to loanDepot on Friday, the company announced, stating it was in violation of minimum stock price rules. As of Aug. 20, loanDepot has not been in compliance with the requirement that its…...

2+ week, 5+ day ago   (559+ words) Two Harbors Investment says it will officially merge into CrossCountry Mortgage tomorrow, wrapping a merger saga almost two years in the making. The real estate investment trust said the deal is expected to close prior to market open tomorrow, following…...