Most of Freddie's repurchase activity in the second quarter involved loans securitized in 2020, but 2019 business still accounted for most of Fannie's activity. (Includes three data charts.)
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The industry got no help from perennial leader Wells Fargo, but banks still posted their strongest quarterly income from mortgage banking in five years. (Includes data chart.)
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The “new normal” of remote work and social distancing due to the coronavirus pandemic has contributed to a boom in digital lending platforms — and their values.
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Compensation levels of loan originators increased to $24,000 per month during the second quarter from $15,000 a year ago, according to data vendor LBA Ware.
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Two Harbors and Front Yard recently terminated their partnerships with their respective external managers. However, Two Harbors’ refusal to pay a termination fee has landed the REIT in court.
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When interest rates on mortgages increase, potential borrowers put more effort into shopping for a loan, according to a study by the Federal Reserve.
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