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Originators can't divide annual income by 12 to see if the borrower qualifies for a loan.
November 7
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Fortress Investment Group is the partner in the joint venture.
November 6 -
The company is putting mortgages in the rearview mirror, according to its top executive.
November 6 -
Congressmen want FHFA to preserve Fannie and Freddie's role in MF lending.
November 6 -
Automation can patch holes currently being "spackled" by humans, freeing them up for better use elsewhere.
November 6 -
The economy is likely holding back sales activity.
November 6 -
Community banks sustained a 27% decline in mortgage banking income last quarter, confirming the laments of individual banks during earnings season. Some banks are getting creative to try to revive their business in coming quarters, but it will be tough.
November 6 -
GSE reform opens the door for the Federal Home Loan Banks to be bigger aggregators and MBS issuers.
November 5 -
Brokers need to take pride in their business and protect it.
November 5
National Mortgage News -
There are 13 of 17 Mortgage Industry Equity Composite stocks which closed lower on Tuesday.
November 5


