Earlier this week National Mortgage News published a story about BankTennessee entering the wholesale sector. But the bank will be table funding other depositories -- not necessarily loan brokers, though it will consider certain brokerage operations. The full story appears in the Monday edition of NMN. Meanwhile, there's an unconfirmed report that GB Mortgage of Austin, Texas (a division of Guaranty Bank) is contemplating exiting the wholesale arena. Stay tunedâ¦
Even with the positive news when it came to income, two of the big four underwriters had their earnings outlook slashed, while a third received an upgrade.
AD Mortgage's news survey finds 82% expect AI to transform the industry, and relationship skills will decide who wins in 2027.
An acquisition this year could be one in a line of other future deals, potentially involving lenders or commercial real estate firms, Ellington executives said.
If the deal is completed, the companies will form the sixth-largest publicly traded homebuilder in the U.S. with about $6.6 billion in combined revenue.
Fannie Mae and Freddie Mac's oversight chief said that he's displeased with a report that these builders have retreated from serving first-time buyers.
The economy lost 23,000 jobs in July, but the unemployment rate ticked down to 4.1% all the same. The development could embolden both hawks and doves at the central bank.
