Matt Vernon, Bank of America's top consumer sales executive in charge of retail mortgages, is taking his show on the road. According to one intra-company email provided to National Mortgage News, Vernon will be meeting with LOs who work in the Washington metropolitan area this Wednesday at the Sheraton Columbia Town Center. The invite is addressed to: “SMs, MLOs, and MLSs.” The Sheraton is located in Columbia, Md., about 20 miles north of Washington, D.C.
The California-based lender announced Wednesday the addition of One Goal Mortgage, a branch serving the Omaha, Nebraska, metro area and Southwest Iowa.
Better is focusing on its U.S. mortgage unit, which reported higher-than-expected preliminary loan volumes and priced a stock offering.
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.
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.
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.
A United Wholesale Mortgage executive stepped in to defend a claim against the company, as consumers pelt the industry with more spam call complaints.
