Wells Fargo commercial servicing sale makes Trimont a leader
WEBAug 20, 2024 — Wells Fargo plans to exit the third-party, non-agency commercial mortgage servicing business through a sale that will make the buyer a leader in one portion of the U.S. market. For reprint and licensing requests for this article, click here. Smart mortgage lenders are evaluating the effectiveness of their software tools in order to drive ...
Home | National Mortgage News
WEB3 days ago — The home lenders voted by their employees as the Best Mortgage Companies to Work For in 2024 discuss supporting and engaging teams during a trying time for the industry. By Brad Finkelstein. March 4. 1 Min Read. News analysis and perspective from National Mortgage News, an award-winning comprehensive digital resource serving the …
MBS | Mortgage Backed Securities - National Mortgage News
WEBRMBS issuances highest in two years. Home price appreciation and favorable economic factors have led to consistent loan performance, but prepayments are increasing with an uptick in housing turnover, according to Morningstar DBRS. Mortgage-backed securities are a type of financial instrument comprised of a pool of residential or commercial ...
2021's Top Producers, Nos. 1-50 - National Mortgage News
WEBApr 12, 2021 — For the first time in the 23-year history of National Mortgage News' survey, there is a billion dollar producer at the top of the list. Christopher Gallo, a senior loan officer at NJ Lenders Corp. in Ho-Ho-Kus, N.J., logged …
4 trends in mortgage fraud to watch out for
WEBOct 16, 2020 — Every $1 of fraud cost mortgage lenders $3.56 this year, and that’s up nearly 8% from $3.30 last year. In comparison, fraud costs rose 7.5% between 2018 and 2019 and 6% between 2017 and 2018. The cost of fraud has almost never gone down since LexisNexis Risk Solutions started tracking it. The financial services study, which is a few …
2021 Best Mortgage Companies to Work For
WEBMar 1, 2021 — By Brad Finkelstein, Bonnie Sinnock, Paul Centopani, Heidi Patalano. March 1, 2021 6:18 AM. National Mortgage News presents its third annual Best Mortgage Companies to Work For — an awards program dedicated to recognizing the industry’s premier employers and providing them with employee feedback highlighting their …
Mortgage rates rise with positive economic news on horizon
WEBApr 29, 2021 — After three weeks of declines, the average 30-year fixed rate mortgage rose to 2.98% from 2.97% the week before in the latest Freddie Mac Primary Mortgage Market Survey. The 30-year FRM averaged 3.23% this time a year ago. The government-sponsored enterprise projected the 30-year FRM will climb to 3.4% by the end of 2021 …
2021 mergers and acquisitions in the mortgage industry | National ...
WEBDec 26, 2021 — The $9.2 billion-asset Veritex said in a press release that it will pay $53.9 million in cash for a 49% stake in Thrive. The deal is expected to close in the middle of 2021. Thrive operates in several states, including Texas, Ohio, Colorado, Kentucky, North Carolina, Kansas, Virginia, Florida, Maryland and Indiana.
Housing issues at stake in the 2024 election - National Mortgage …
WEBJul 29, 2024 — President Joe Biden proposed a nationwide cap on rent increases in an ongoing effort to lower housing costs on July 16 as part of the Biden-Harris Housing Plan. He called on Congress to pass legislation requiring corporate landlords to cap annual rent increases on existing units at 5% or lose valuable federal tax breaks. The cap would be …
2021 predictions for digital mortgage closings - National …
WEBNov 19, 2020 — Lending technology accelerated by years over the course of the eight months since quarantine measures began. Looking ahead, industry advancements for 2021 could be less about novel innovation and more about building on the progress of the past year, with hybrid digital closings taking up a larger share of mortgage transactions.