California Remains a Rich Market for Loan Officers August 22, 2018 John Bancroft Overall, California has 99,781 licensed and registered mortgage LOs, far more than any other state…Read More
Great Ajax Looks to Increase Servicing for Others with Expansion of Gregory Funding Unit August 22, 2018 Brandon Ivey Gregory Funding is in the first year of a three-year expansion plan…Read More
Washington State Tightens Servicing Rules. More States to Follow August 21, 2018 Yemeng Yang In Washington mortgage servicers must now maintain recorded telephone conversations with consumers for three years after the date of the call…Read More
Fix-and-Flip Loan Market Continues to Hum Along August 20, 2018 Paul Muolo CALCAP is looking to expand into the Texas market…Read More
GSE Sellers Continued to Stretch the Credit Box (Incrementally) in 2Q18 August 20, 2018 John Bancroft A year ago, just 12.1 percent of new purchase loans fell into the highest-risk category…Read More
A Real Estate Fintech Takes a Test Drive in Mortgage Banking. Will Others Follow? August 20, 2018 Paul Muolo “Zillow could have done this on a much larger scale. Heck, they could’ve bought Ditech,” said industry consultant Paul Hindman.Read More
When the Going Gets Tough in the Mortgage Industry, the Tough Start Eliminating the 401(k) Match August 20, 2018 Paul Muolo Tough times? Might be time to eliminate the 401(k) match…Read More
Fix-and-Flip Lenders Positive on Market’s Outlook August 17, 2018 Lenders that offer “fix and flip” financing to single-family investors are having another good year for the most part and see little in the way of either stiff competition or dark clouds on the horizon.Read More
Computershare Makes Another Mortgage-Related Purchase: LenderLive Network August 17, 2018 Paul Muolo Two years ago, Computershare Limited bought Capital Markets Cooperatives, one of the largest mortgage co-ops in the U.S., for roughly $71.2 million.Read More
Mortgage Delinquency Rates Down Sharply in 2Q18 August 17, 2018 John Bancroft Meanwhile, the Mortgage Bankers Association this week reported a substantial decline in its seasonally adjusted mortgage delinquency data series.Read More