President Donald Trump's new executive order could have dramatic implications for bank regulation by subjecting agencies to White House political control.
The price tag for the Colorado-based lender was a "low seven-figure number," its CEO said.
The CARES Act does not define what a covered period is when it comes to residential mortgage borrower requests for forbearance.
California-based Dunmor said it is launching a wholesale division, which will be led by a former Newfi executive.
The markets are waiting for the Federal Open Market Committee to make its next move.
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Jonathan Gould, President Donald Trump's pick to lead the Office of the Comptroller of the Currency, passed through the Senate Banking Committee on a party-line 13 to 11 vote.
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United Wholesale Mortgage led its industry peers in total origination volume, though Rocket Mortgage and Crosscountry weren't that far behind.
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Private lenders are looking for ways to expand their reach as their traditional market has become crowded, and nonconforming mortgage lending is an answer.
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Mortgage rates remain in the 6.6% range, with the tariff news so far having little impact, but could change given the 35 basis point drop in the 10-year yield.
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The underlying prime mortgages have an average balance of $358,024, a weighted average (WA) original FICO score of 776, an original cumulative loan-to-value (LTV) ratio of 73.6%.
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UWM, embroiled in an us-or-them feud when it comes to business partners working with Rocket, terminated its subservicing and sales deals with Mr. Cooper.
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There is more opportunity for lenders to make money on purchase deals in 2013 rather than refinances.
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Countless instances of unethical mortgage transactions in recent years have motivated government agencies across the country to strengthen the laws that regulate the mortgage industry.
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No one should mistake new regulations as a green light to impact loan officers' compensation every time a lock date is missed, but they help.
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ON-DEMAND VIDEOMonetary policy remains the key to the markets. The Federal Open Market Committee predicts one rate cut in 2026, but the panel will get a lot of data before
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ON-DEMAND VIDEOWith the government reopened and data flowing, the FOMC may cut rates again in Dec. Steve Skancke, Chief Economic Advisor at Keel Point, will break down the mee
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ON-DEMAND VIDEOWill the Federal Reserve cut rates in October? BNP Paribas Chief U.S. Economist James Egelhof discusses the meeting and Chair Jerome Powell's press conference.
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