What's next for loan brokers? Let's see: wholesalers are exiting the business like stampeding wildebeest, mortgage insurance firms are putting onerous restrictions on broker-sourced loans, and now net branch operators are struggling because they cannot get warehouse lines of credit. One positive sign: the Federal Housing Administration has not yet banned loan brokers. For the full roundup read the Monday edition of National Mortgage Newsâ¦
The Federal Reserve's April financial stability report found that asset valuations remain elevated, even as investors are beginning to demand more compensation for risk amid rising uncertainty around monetary policy.
First American claims Liberty National's owner changed the company's name immediately after a judge held her firm liable for an erroneous wire transfer.
Lender and servicer Loandepot, reeling from a larger loss in the first quarter, could use the potential funds to cover daily operations or repay debt.
Alongside its cloud-based brokerage, the company said the acquisition will transform eXp's existing infrastructure into a multi-model platform.
The opinion that supports national banks' ability to avoid paying interest on certain mortgage accounts in New York is unlikely to be the last word.
The latest offer, 70 cents per share higher than previously agreed to, equals the cash proposal made by UWM Holdings to win over Two Harbors' shareholders.
