Figures gathered by the Mortgage Bankers Association suggest that production and secondary marketing income rose on a per-loan basis even though production efficiency was off.
The explosive growth enjoyed by subservicing vendors in past years is beginning to ebb, but the train is moving forward nonetheless. Meanwhile, all eyes are on market leader Cenlar. (Includes data chart.)
In a letter to Ginnie leadership, the groups said the substantial re-delivery restrictions have negatively impacted market liquidity for these loans...
The FHA wants Catalyst to serve as a single platform for lenders to interact with the administration in an effort to lower costs and reduce risk and fraud.
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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