Mortgage brokers

The financial services firm boosted a private placement by $100 million on Wednesday and introduced a new product for third-party originators earlier this week.

The broader economy added 150,000 positions, a number the bond market initially read as likely to soften rates, but some economists interpreted differently.

Nonbank brokers and lenders typically scale back after the spring homebuying season and the housing market could be particularly slow for the rest of this year.

The May uptick in nonbank housing-finance payrolls came almost entirely from lender hiring as loan broker numbers plateaued and construction demand persisted.

The GOP has launched multiple proposals with this aim and a trade group is specifically backing an expansive one from Rep. Warren Davidson, R.-Ohio.

Those thinking about entering this space should consider whether they can build a sustainable operation in scale, niche or relationship lending, a report by Stratmor Group argues.

The President of the National Association of Mortgage Brokers, Ernest Jones Jr., explains how consolidation in wholesale has impacted those he represents.

But the deal propels the four-year old buyer of its wholesale origination operation, The Loan Store, into the national spotlight.

The company wound down its wholesale production channel and is surrendering its Fannie Mae and Freddie Mac seller/servicer status.