A new study shows that the shift from the tri-merge to a bi-merge credit report will have a minimal effect on the average borrower’s credit score, at least using Classic FICO.
United Wholesale Mortgage continued to set the pace in a fast-growing wholesale-broker market. It remains to be seen whether there's enough business to go around for all the new entrants. (Includes six data charts.)
Increased risks from natural disasters have led to a rapid rise in premiums on home insurance, rejections of policy requests and some major insurance providers exiting certain markets.
The days of paying insane signing bonuses for top LO talent appear to be over. But there are exceptions. One talent recruiter asks: Will mortgage bankers ever learn?
All four mortgage food groups saw sizable gains in originations in the second quarter, with government and conventional conforming leading the way. (Includes two data charts.)
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