Next week the National Mortgage News website will publish a story about some improving numbers in wholesale production, but in the meanwhile we keep hearing stories about firms growing their presence in table funding. (It would appear these companies are picking up wholesale market share once controlled by Bank of America.) One of those firms is Carrington Mortgage Services, Irvine, Calif., which now employs 29 wholesale account executives -- triple what it had two months ago. The privately held Carrington is continuing to hire. “We’re looking for the best and the brightest,” company executive Alan Pott told us. For more information, see our mortgage jobs story in the Monday paper edition of NMN…
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The California-based lender announced Wednesday the addition of One Goal Mortgage, a branch serving the Omaha, Nebraska, metro area and Southwest Iowa.
7h ago -
Better is focusing on its U.S. mortgage unit, which reported higher-than-expected preliminary loan volumes and priced a stock offering.
7h ago -
A new Basel III proposal offers mixed results for warehouse lending, with some risk-weight relief for banks but tougher terms that could crimp credit availability for nonbank mortgage lenders.
9h ago -
Roughly a third of homeowners with a mortgage rate less than 6% would not give up their rate for any reason, according to a survey of 1,000 mortgage holders.
11h ago -
In other news, Better Mortgage completed warehouse renewals and Wolters Kluwer provided a new form of access to its digital vault platform for secured parties.
April 8 -
A United Wholesale Mortgage executive stepped in to defend a claim against the company, as consumers pelt the industry with more spam call complaints.
April 8






