2+ day, 19+ hour ago  (427+ words) AD Mortgage is launching a new policy arm, with its first initiative aimed at upcoming US Federal Housing condo changes involving the elimination of limited reviews. The wholesale lender sent a letter to the FHFA explaining the importance of the…...

2+ week, 6+ day ago  (386+ words) Total direct operational costs in servicing, a subcomponent of total expenses, increased by a few dollars per loan compared to last year as mortgage companies contended with policy change. Systems and customer service at $36 and $33 per loan, respectively, accounted for…...

1+ mon, 2+ week ago  (787+ words) Consolidation is also on the table as a way to scale operations. The company's quarterly report tracks 10 banks and six independent mortgage bankers, all publicly traded. As a group, while volume was down 11% from the fourth quarter, it was up…...

2+ mon, 2+ week ago  (1133+ words) More mortgage firms are suing their counterparties over buyback demands. In the past six months, several lenders and servicers have sued origination partners over repurchases, for funds experts say they may never recoup. Although the latest federal complaints are small…...

3+ mon, 1+ week ago  (499+ words) Reverse mortgage lender Finance of America is offering a new product that allows older homeowners to access their home equity without, they say, adding another monthly expense. This is currently available in California, as of Wednesday, with additional states set…...

3+ mon, 2+ week ago  (1154+ words) As recent incidents of double-pledging risk increase outside the domestic single-family mortgage market, questions arise as to whether they could soon be a concern for home lenders in the United States. Double pledging occurs when an asset such as a…...

4+ mon, 2+ week ago  (593+ words) With trigger leads exiting the scene, mortgage originators are seeking new ways to improve their consumer marketing. Industry groups and companies are stepping in to fill the gaps left as traditional training programs have disappeared with downsizing. "The companies used…...

8+ mon, 3+ day ago  (981+ words) Fraud and misrepresentation remain persistent challenges in the mortgage industry and Freddie Mac is responding by bringing Quality Control Advisor Plus to the market, a tool which automates this compliance function. The tool is currently in a phased onboarding process…...

10+ mon, 2+ week ago  (389+ words) In July, Fairway Independent Mortgage refreshed its branding, including revising its name to Fairway Home Mortgage. The company was started as a mortgage broker by its CEO Steve Jacobson in 1996. It grew by adding regional branches throughout the country. Fairway…...

10+ mon, 3+ week ago  (617+ words) As homebuyers demand faster, easier lending experiences, mortgage professionals are under pressure to deliver speed, compliance, and consistency across every stage of the loan lifecycle. According to Fannie Mae, 75 percent of recent homebuyers cited process acceleration as the top benefit…...