Wells Fargo is contemplating selling some of its massive $1.906 trillion residential servicing portfolio while maintain a subservicing relationship with the end consumer.
What Were Hearing Certain mortgage bankers are using a four-letter word to describe the trifecta of final regulations unveiled by the CFPB the past two weeks, and as you might guess that word isnt love. The rules servicing, qualified mortgages and loan originator compensation will shape the industry for years to come... plus other mortgage industry happenings.
Nationstar Mortgage and KB Home are taking their strategic partnership to another level, setting up a new mortgage company that will provide mortgage banking services to new KB homebuyers across the U.S., the two firms announced.
Bexil American Mortgage, a company headed by industry veteran John Robbins, finally revealed the name of the mortgage banking firm it agreed to buy a few weeks back: Castle Mortgage of Vestavia Hills, AL.