Maxwell product allows real estate agents to offer mortgages
Mortgage fintech Maxwell hopes its new product can turn more businesses into home lenders by eliminating some of the hurdles in the startup process.The Denver-based...
NJ Lenders Corp. Review: The 5th Largest Mortgage Lender in the State of New Jersey
With a name like “NJ Lenders Corp.,” there’s no question who they’re focused on; folks in the Garden State!What’s more interesting is the fact that...
Ginnie Mae launches next phase of digital collateral program
Ginnie Mae is making it easier for a greater number of issuers to use digital collateral in the securitizations it insures by opening its electronic...
Ocwen stock buyback spotlights strategy nonbanks are weighing
Ocwen on Monday announced that it would be repurchasing up to $50 million in shares, employing a strategy publicly traded nonbanks may be increasingly considering.A...
Summit Mortgage Review: If You Want More Than a Call Center Home Loan
If you’re looking for personalized service, instead of a call-center home loan, you might want to check out Summit Mortgage.The privately-owned direct lender was started...
Publicly traded lenders are managing margins by lowering volume
First quarter origination volume among the largest publicly traded mortgage lenders — both banks and nonbanks — was larger than forecast expectation for the industry,...
Recession could arrive sooner than expected: Fannie Mae
A recession could begin sooner than the second half of next year, as Fannie Mae previously forecast, since consumer spending power is increasingly constrained by...
US mortgage rates pull back, but demand is already waning
The 15-year fixed-rate mortgage also fell five basis points week over week to 4.43% and was up from 2.29% during the same time last year....
Sometimes It’s Better to Choose the Higher Mortgage Rate
With mortgage rates hovering around 5.5%, there might be the temptation to snag a 30-year fixed at say 4.875%, or 4.99% if a lender offers...
Top USDA Lenders in 2021: Pennymac Blew Away the Competition
Today we’ll take a look at the top USDA lenders by loan volume in 2021.In case you need a refresher, USDA loans are reserved for...