Tag: Mortgage
Wells Fargo continues to cede mortgage market share

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 ...

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2021 means new challenges for mortgage lending

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, ...

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NEXA Mortgage sued over broker’s alleged data theft

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 ...

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Three brokers go to war with United Wholesale Mortgage

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. ...

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What is a Mortgage and How Do They Work?

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 ...

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