The conventional-conforming market saw solid gains from retail lenders and wholesale-broker platforms, but correspondent production was off 3% in the first quarter of 2021. (Includes two data charts.)
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Investors in Fannie/Freddie common (and preferreds) were licking their wounds this week after the Supreme Court essentially ruled against them. Moral of the story: Stock speculation is not for the weak of heart.
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New loan production in bank mortgage banking operations was down slightly in the first quarter. Loan sales also slumped. (Includes two data charts.)
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In her first interview since leaving office, former CFPB Director Kathy Kraninger touted her policy encouraging responsible business conduct and explained why she focused on supervision rather than enforcement.
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Experts believe a properly configured customer relationship management system can help lenders survive the change from a refi-heavy market to a purchase one.
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The title insurance company was fined for an inadequate response after receiving notification that millions of mortgage records were inadvertently available for view online.
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eVault technology from DocMagic will be incorporated into ICE Mortgage’s Encompass loan origination system. Also, MISMO expanded its eMortgage tech certification program.
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