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 competitive and controversial leader, who will stay on the board, oversaw rapid growth but also a massive downsizing, and a notorious mass firing over Zoom.
8h ago -
The deal bolsters Zions' ability to serve multifamily customers and creates a natural extension of its affordable housing lending program, management said.
9h ago -
Mortgage servicers would like to shed responsibility for second liens but they may be exchanging one set of workflows for others.
9h ago -
The move builds on MeridianLink's lending lifecycle strategy, enabling institutions to engage with borrowers before, during and after the lending decision.
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The market is bifurcated into those looking for affordable housing outside of metropolitan cores and high-end buyers prioritizing lifestyle. Still, both groups are looking south.
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The agency delayed an offering of occupied units until September to ensure compliance with President Trump's executive order made earlier this year.
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