Home-equity originations rose 4.2% in the third quarter as the home-equity market opened up to nonbank lenders. Untapped HELOC commitments point to further growth to come. (Includes three data charts.)
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Top 100 lender production was down 22% in the third quarter, as were credit union originations. Total nonbank originations and retail lending through bank lending platforms fell 23%. (Includes two data charts.)
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The FHA has clarified when individuals can perform multiple roles in a single FHA-insured transaction. Some believe it’s a market-altering move.
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The consent order covers unfair and deceptive acts and practices in mortgage servicing, auto loan servicing and maintenance of deposit accounts.
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A handful of company sales came to light this week, all involving nonbanks. The activity suggests the first quarter of 2023 could be a busy one for M&A.
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