MVB Financial in Fairmont, W.Va., disclosed that it had sold a large stake in a mortgage processing entity.
The $782-million-asset company said in a press release Tuesday that it halved its stake in Lender Service Provider, to 25%, during the third quarter after adding two members to the processing firm. MVB did not disclose terms of the sale.
MVB picked up the stake in Lender Service Provider when it
Last month, MVB
Mordor Intelligence expects the manufactured homes market size to expand from $28.5 billion in 2025 to $30.5 billion this year, its latest report found.
Fannie Mae and Freddie Mac's support for the market lessened the impact, as could bank capital reform, and the company's normalized results outperformed.
More than three-quarters of brokers are using popular AI platforms, but application of lender-specific software lags considerably, according to AD Mortgage.
UWM Holdings is now bidding 70 cents more per share than CrossCountry for Two Harbors, with an all-cash option as an alternative to its all-stock proposal.
Refinances drove growth of last year's lending activity, with both the volume share and average loan size coming in noticeably higher, according to IEmergent.
National Mortgage News spoke with Shant Banosian of Rate, Mark Cohen of Cohen Financial and Amanda Sessa of SWBC on how they stand out in their markets.
