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The average cost to produce a loan increased dramatically over the course of the past year.
Government officials increasingly encourage looser credit benefiting low- to moderate-income borrowers, but some lenders who make these loans said it's easier said than done. Here's why.
Ben Cowen thinks volumes won't pick up much, but repurchase risk is waning.
A mortgage group president expects lenders are going to have to gain market share to grow their businesses over the next year or two.
Key Community Bank's E.J. Burke reflects on the highs and lows of his term as chairman of the Mortgage Bankers Association.
Independent originators could be shut out from offering this product as there is no secondary market.
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MountainView Management Co. plans to buy nonprime mortgages made to borrowers with credit scores in the mid to low-600s, maximum 80% loan-to-value ratios and balances as high as $2.5 million.
Recent regulatory settlements have made it abundantly clear that medical records are off-limits to lenders trying to verify the incomes of mortgage applicants on long-term disability.
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