Volume was up more in correspondent and wholesale-broker platforms, but retail continued to account for just over half of government-insured lending in the third quarter.
United Wholesale Mortgage, a top-ranked government lender, will become public sometime next month. At least, that’s what the firm is planning. Meanwhile, the nonbank is being sued by a small group of loan brokers over commissions.
It’s no secret that early buyouts of delinquent FHA and VA loans are rising. Ginnie Mae, as might be expected, is keeping a close watch. (Includes data chart.)
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