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
WEB2 days ago · News analysis and perspective from National Mortgage News, an award-winning comprehensive digital resource serving the entire residential mortgage industry.
20 mortgage servicing banks with the largest MSR volumes
WEBOct 24, 2022 · The top five banks in our ranking have a combined MSR volume of more than $15 billion at the end of Q2. Many servicers saw growth between Q1 and Q2, with one seeing growth of 42.14%. This ranking is based upon MortgageStats data drawn from uniform bank performance reports filed to the Federal …
This is how much data breaches cost lenders this year
WEBAug 16, 2024 · The lender and servicer said that number was offset by $15 million this year in cyber insurance reimbursements. IBM found expenses for "mega breaches" affecting between 1 million to 10 million records costing on average $42 million, while hacks impacting between 10 million and 20 million records cost firms on average $173 million.
20 banks with the largest retail mortgage volume in Q2
WEBOct 4, 2023 · Scroll through to see which residential lenders are in the top 20 and how they fared in Q2. The top five lenders — US Bank, JPMorgan Chase, Truist Bank, Flagstar Bank and Wells Fargo — have a combined retail home loan volume of more than $29 billion at the end of Q2 2023.
Piggyback mortgages make a comeback - National Mortgage News
WEBAugust 12, 2024, 2:51 p.m. EDT 3 Min Read. Decreasing affordability over the past two years is leading to a return in interest of piggyback mortgages, according to a new report. Spencer Lee. Reporter, National Mortgage News. For reprint and licensing requests for this article, click here.
Mortgage interest rates inch down - National Mortgage News
WEBAug 22, 2024 · The 30-year fixed rate loan averaged 6.46% as of Aug. 22, down from last week's 6.49%, the Freddie Mac Primary Mortgage Market Survey reported. A year ago, The 15-year FRM also fell, moving to 5.62%, from 5.66% last week. For the same week in 2023, it averaged 6.55%. "Although mortgage rates have stayed relatively flat over the past couple of ...
Scotiabank adds JPMorgan exec in warehouse lending expansion
WEBAug 14, 2024 · Thanh Roettele, who first joined JPMorgan almost three decades ago and most recently held the role of managing director, is heading to Scotiabank to lead warehouse funding operations serving nonbank mortgage businesses. Members of his JPMorgan team will also join him in the transition. The news was first reported in Inside Mortgage Finance. The addition of Roettele is one of the latest moves ...
The 20 best states for retirees - National Mortgage News
WEBFeb 20, 2024 · The states in this ranking were rated on a number of factors in the following five categories, with a weighting (in parentheses) assigned to each category: affordability (40%), overall well-being (25%), quality and cost of healthcare (20%), weather (10%) and crime (5%). Each state was assigned a ranking relative to all 50 states per category ...
Lower acquires shuttered Premier Nationwide Lending's branches
WEBMarch 01, 2024, 1:54 p.m. EST 1 Min Read. Lower brought onboard Premier Nationwide Lending's branches in December, around the same time it announced the acquisition of Thrive Mortgage. Premier employees ranging from loan officers to branch managers made the transition to Lower that month and throughout January, per the National Mortgage ...