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WEBA blog post from the Consumer Financial Protection Bureau cited data from the pandemic refi boom to show Blacks and Hispanics had limited opportunity to drop their interest rate. News analysis and perspective from National Mortgage News, an award-winning comprehensive digital resource serving the entire residential mortgage industry.
Wells Fargo commercial servicing sale makes Trimont a leader
WEBAug 20, 2024 · Wells Fargo plans to exit the third-party, non-agency commercial mortgage servicing business through a sale that will make the buyer a leader in one portion of the U.S. market. The Atlanta-based Trimont has agreed to buy non-agency servicing in the acquisition. Wells will retain certain servicing for government-related mortgages.
2020 Best Mortgage Companies to Work For
WEBJan 29, 2020 · By Paul Centopani, Glenn McCullom. January 29, 2020 9:28 AM. National Mortgage News presents the second annual Best Mortgage Companies to Work For — a survey and awards program dedicated to identifying and recognizing the industry's best employers and providing organizations with valuable employee feedback. In addition to intriguing insights ...
How to prepare for Fannie Mae and Freddie Mac's new rules on …
WEBJan 28, 2022 · Joe Raedle/Photographer: Joe Raedle/Getty I. A rule change is afoot; Fannie Mae and Freddie Mac 's new reporting disclosures on mortgages for condominiums and units located in HOAs went into effect on January 1. As a result, boards of directors and management companies will see changes in how they report the financial health of …
20 mortgage servicing banks with the largest MSR volumes
WEBOct 24, 2022 · The top five banks in our ranking have a combined MSR volume of more than $15 billion at the end of Q2. Many servicers saw growth between Q1 and Q2, with one seeing growth of 42.14%. This ranking is based upon MortgageStats data drawn from uniform bank performance reports filed to the Federal …
Mortgage players confirm more sweeping layoffs
WEBAug 8, 2022 · The cuts add to the lengthy list of mortgage firms shedding payroll in response to rising rates and declining affordability for prospective borrowers, and they come in the wake of a dismal jobs report showing nonbank mortgage payrolls on the decline.. New American Funding confirmed some of the industry cycle's largest layoff numbers, recently terminating 300 employees and letting go 625 ...
Events - National Mortgage News
WEBDIGITAL MORTGAGE. September 13-15, 2022 The industry’s flagship event returns in-person this Fall. This year's event will bring senior professionals to analyze the impact of complete mortgage digitization, discuss how to provide increased value to customers and explore how to reposition within an evolving marketplace. Gain insights about ...
2021 mergers and acquisitions in the mortgage industry | National ...
WEBDec 26, 2021 · The $9.2 billion-asset Veritex said in a press release that it will pay $53.9 million in cash for a 49% stake in Thrive. The deal is expected to close in the middle of 2021. Thrive operates in several states, including Texas, Ohio, Colorado, Kentucky, North Carolina, Kansas, Virginia, Florida, Maryland and Indiana.
2021's Top Producers, Nos. 1-50 - National Mortgage News
WEBApr 12, 2021 · For the first time in the 23-year history of National Mortgage News' survey, there is a billion dollar producer at the top of the list. Christopher Gallo, a senior loan officer at NJ Lenders Corp. in Ho-Ho-Kus, N.J., logged …
Mortgage default rate rises to high not seen since fall of 2020
WEBJul 20, 2022 · The first-lien mortgage default rate during the month was 0.38% or 38 basis points, compared to 0.36% in May and 0.26% a year earlier. The default rate in that category hasn’t been that high since September 2020, when it was 0.46%.