Wells Fargo and JP Morgan Chase, the country’s top depository lenders, saw mortgage production volume further decline in the first three months of 2023, signaling another tough quarter for the mortgage industry. Wells Fargo, the fourth-largest U.S. mortgage lender by
Wells Fargo is selling a $50B package of MSRs
Wells Fargo has finalized the sale of a $50 billion block of mortgage-servicing rights (MSR), a deal that is expected to close later this year, according to bank officials. One expert in the MSR sector, who asked not to be named,
Opinion: Who decides what American neighborhoods look like?
Who decides what our neighborhoods look like? And who profits from these projects? The answer is a combination of real estate developers, brokers, investors, agents and property owners — the overwhelming majority of whom are white. For generations, real estate
Dallas Parks: Where Adventure Meets Water Rides and Thrills
Are you a Dallas resident or someone who’s wondering what it’s like to live in Dallas? Look no further than Dallas, a city that provides an abundance of fun outdoor activities in parks and a lively culture. With a variety
Fannie Mae purchased 45 loans with AOLs in 2022
Nearly 12 months have passed since Fannie Mae first announced it would in limited circumstances be accepting attorney opinion letters in lieu of title insurance. While there has been much discussion over the pros and cons of title insurance and
11 Unique Things to do in Phoenix Every Local Should Know About
Phoenix, Arizona, is a city of endless possibilities, boasting a rich history, breathtaking landscapes, and a vibrant culture. Whether you’re a new resident or a long-time local, there’s always something new and exciting to discover. In this article, we’ll highlight
10 Pros and Cons of Living in Hawaii
Hawaii is often portrayed as a tropical paradise with breathtaking scenery, vibrant culture, and a laid-back lifestyle. For those considering moving to the islands, the prospect of living in Hawaii can be exciting and daunting. While there are many advantages
First Federal Bank to acquire BNC National Bank’s mortgage business
First Federal Bank will acquire the mortgage division of BNC National Bank, which will give the Florida-headquartered community-based bank a nationwide consumer direct mortgage platform. The two banks announced they have signed a definitive agreement for First Federal to acquire
Asbestos Exposure in the Home: Risk, Removal, and Remodeling
Many people are alarmed to learn that their houses may contain asbestos, which can be dangerous. Asbestos exposure can lead to lung cancer and mesothelioma, especially after extended exposure. However, despite its known dangers, asbestos is still present in many
Opinion: PMI is good for first-time buyers and housing finance system
Homeownership remains at the core of the American Dream. After all, it improves financial security, enhances family and community stability, and builds intergenerational wealth. The Federal Reserve’s 2019 Survey of Consumer Finances found that the median net worth of a homeowner is
Orlando Parks: Where Adventure Meets Water Rides and Thrills
If you’re looking for a city that offers an abundance of outdoor activities and a lively culture, look no further than Orlando’s parks. With a variety of parks that range from amusement parks to water parks, and nature parks, there’s
Washington State Housing Market: Prices & Forecast 2023
The Washington State housing market has been experiencing a period of change over the past year. With the COVID-19 pandemic causing major disruptions in the economy, it is no surprise that the real estate industry is also feeling the impact.
6 Reasons To Move to Denver, CO and Why You’ll Love Living Here
Denver, Colorado is a city that has been growing in popularity in recent years, with more people choosing to make it their home. From its stunning mountain views and outdoor recreation opportunities, to its thriving job market and cultural scene,
What Causes Red Tide on Florida Beaches 2023?
As the warm, tropical sun beats down on the sandy shores of Florida, it’s easy to understand why the state’s beachfront real estate is so desirable. However, in recent years, an unwelcome visitor has cast a shadow over the once-pristine
Touchless Lending by Tavant leverages AI to deliver a customer-centric mortgage experience
To address the challenges and inefficiencies in the traditional lending process, Tavant has developed the Touchless Lending platform, which leverages advanced technologies like artificial intelligence, machine learning, data analytics and cloud computing. Through Touchless Lending, the company aims to deliver
Popular Parks in Columbia SC: Where Nature, Adventure, and Fun Come Together
If you’re considering moving to Columbia, SC, you’re in luck. This charming Southern city has a lot to offer, including a variety of outdoor activities that cater to all interests to those living in Columbia, or possibly thinking of moving
Is Houston a Good Place to Live? 10 Pros and Cons to Consider
Houston, Texas, is a sprawling metropolis known for its strong economy, thriving cultural scene, and warm climate. However, like any city, there are both advantages and disadvantages to calling this city home. In this article, we will explore the pros
What Is Fair Housing? Rights, Responsibilities, and Resources
If you’ve ever submitted an offer on a home or applied for a mortgage and felt you were treated unfairly, you aren’t alone. Housing discrimination has existed for decades and continues to be a major issue, although it often appears
Simplifile by ICE Mortgage Technology supports eRecording in over 2,400 counties
Simplifile by ICE Mortgage Technology electronically connects people, technologies and data in the real estate transaction to streamline their workflows. From pre-closing through post-closing, ICE Mortgage Technology offers electronic services that save time and money compared to traditional methods of
Change Wholesale offers the widest variety of wholesale products on the market
Wholesale lending is great for helping serve underserved borrowers. For example, borrowers who are prime and creditworthy but who may not qualify for traditional mortgages, such as the self-employed or those with non-traditional income sources, may benefit from non-QM programs.
Canada Housing Market Forecast: Will Prices Drop in 2023?
The Canadian housing market has been experiencing a downturn since March 2022, and the question on everyone’s mind is when will it reach its bottom? However, after a significant decline in the housing market last year, Canada’s housing market appears
Housing Market Predictions 2023: Will Home Prices Drop in 2023?
Housing Market Predictions 2023 In this blog post, we’ll be discussing what experts are forecasting for the United States housing market in 2023. Will house prices go down in 2023? There is no one-size-fits-all answer to this question, as the housing
New Home Sales: Report, Charts, Forecast 2023
New Home Sales Report Today New Home Sales, commonly referred to as “new residential sales,” is an economic indicator that tracks the sale of newly constructed residences. It is extensively watched by investors since it is seen as a lagging
How to Profit From Rising Interest Rates in 2023?
Are you looking for ways to make the most out of the current economic climate? With interest rates on the rise, it’s important to understand how this shift can impact your investments and financial planning. Whether you’re a seasoned investor