ResMAE Financial Corp., Brea, Calif., has announced the introduction of TotalAccess, a Web-based pipeline management service for mortgage brokers.TotalAccess delivers a range of services, such as allowing brokers to: follow the progress of their loans in real time; contact key ResMAE production personnel; and request to draw documents when all conditions are met. ResMAE, which stands for Residential Mortgage Assistance Enterprise, can be found online at http://www.resmae.com.
Growth in retained and investment portfolios drove gains as the government-sponsored enterprise reported the highest refinancing share seen in four years.
Higher utilization and aggregate excess payments point to pressure, according to TransUnion. Debt-to-income averages remain below traditional mortgage caps.
Meet the top loan originators in the 28th edition of National Mortgage News' annual ranking and learn how they approach purchase business.
Rocket, United Wholesale Mortgage and Pennymac said they will use the new government-sponsored enterprise credit metric as large lenders get on board.
One-time Rocket exec Mike Fawaz founded brokerage and tech firm Origna8 with his former adversary's backing, which both say will enable it to quickly scale.
Federal Reserve Chair Jerome Powell told reporters Wednesday that he would remain on the Fed board after his term as chair expires next month, resolving the last and most significant open question about his departure and the onset of Kevin Warsh's leadership at the central bank.
