Wells Fargo, the second-biggest mortgage lender in the nation, continued to cede market share to nonbank rivals in the fourth quarter of 2020. The lender originated $ 53.94 billion in the fourth quarter, a 12.5% decline from the prior quarter, when the bank originated $ 61.6 billion in ...

Mortgage financing giants Fannie Mae and Freddie Mac have tightened rules on buildings that offer too many short-term rentals in vacation locales, drawing objections from the real estate industry. The new rules could make it tougher for some buyers to get a mortgage on condos in resort areas, and ...

For many of us, the start of a new year is usually synonymous with a renewed sense of professional self, focusing on new goals, new prospects for the year and, of course, the excitement for the upcoming spring real estate market. As we think about coming out of this first month of the year, ...

In a lawsuit filed last week, a mortgage brokerage claimed that one of its former loan officers stole a database containing client names and information and brought it with him to a new job at NEXA Mortgage. Smart Mortgage, which operates in Illinois, Indiana, Colorado and Florida, filed suit ...

United Wholesale Mortgage is facing a potentially ugly court battle from a few of its own constituents. Three mortgage brokers in California claim that UWM pulled the rug out from beneath them in March when it changed the commission structure on mortgages that were quickly paid off by borrowers. ...

Last month involved several regulatory compliance updates and hot topics in the Mortgage industry. We’ve rounded up some key updates and how they will affect you and your financial institution going forward. Survey Reveals Why So Many Homeowners Haven’t Refinanced Their Mortgage ...

Servicing a mortgage loan is no easy task. And then when a pandemic hits, mortgage servicing is even more crucial and more complex. Because on the end of a mortgage loan is a customer. A customer who may have lost income due to job loss or reduction of hours and who is now afraid of ...

As a first-time homebuyer, you might be confused or even bewildered by the mortgage process and its many moving parts. Here’s what you need to know about what a mortgage is and how it works for all parties – when you peek behind the curtain, you’ll realize it’s just another tool ...

Last month involved several regulatory compliance updates and hot topics in the Mortgage industry. We’ve rounded up some key updates and how they will affect you and your financial institution going forward. Fannie, Freddie Take a Close Look at Mortgage Risks as Climate Events Multiply ...

Last month involved several regulatory compliance updates and hot topics in the Mortgage industry. We’ve rounded up some key updates and how they will affect you and your financial institution going forward. Why Have Banks Stepped Back From Mortgage Servicing? The mortgage industry in ...