Most nonbanks reported significantly higher earnings from mortgage banking during the third quarter as gain-on-sale margins improved and MSR write-downs were less severe. (Includes data chart.)
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Deliveries of retail-originated loans to agency MBS fell 16.3% in the third quarter, while wholesale-broker volume was down 9.2%. (Includes two data charts.)
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Mortgage lenders no longer gripe about the hard time they’re having finding qualified and reasonably priced personnel. A barometer of what may lie ahead?
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Fewer small-dollar mortgages over the past 20 years kept many low-income consumers from entering the homebuying market, according to participants at a webinar hosted by New America.
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A recent study found a vast majority of borrowers prefer to close in-person. Possible lesson: The benefits of new technology should be carefully weighed against its costs, Stratmor says.
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Lenders are at the mercy of United Wholesale Mortgage’s pricing decisions, according to UWM’s president and CEO; Finance of America is seeing better returns from reverse mortgage lending than from traditional mortgages; the IRS released guidance on the Homeowner Assistance Fund.
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