Google prepares to launch mortgage comparison tool

Google prepares to launch mortgage comparison tool

“Compare” service for mortgages already in use in the U.K.

Definitely the best Beige Book coverage on housing and mortgage finance

Thank you, Vince Vaughn

Goldman Sachs just nailed millennial homebuying

Publishes animated graph day before housing conference
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Items Tagged with 'Correspondent lending'

ARTICLES

Stonegate just grew warehouse lending by 888%

No, that’s not a typo
Ben Lane
Stonegate Mortgage Corporation reported an incredible 888% year-over-year increase in its warehouse lending in the fourth quarter, rising from $47.8 million in 2013 to $472.4 million in 2014. But it still wasn't enough to help Stonegate turn a profit in 2014.
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LenderLive boosts correspondent lending division

Hires Andrew Lion and Wendy Lovett as regional account executives
Ben Lane
LenderLive Network is enhancing its correspondent lending division with the additions of two new regional executives, Andrew Lion and Wendy Lovett. Lion will cover the Northern California, Oregon, Washington and Alaska territory, while Lovett will cover the states of Arizona, Colorado, Nevada and Utah.
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Open Mortgage names Katherine Leddy director of business development

Will lead company’s expansion of its correspondent lending operations
Ben Lane
Open Mortgage announced the addition of Katherine Leddy as director of business development. In this role, Leddy is tasked with growing Open Mortgage’s bank and credit union mortgage lending programs.
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Titan Lenders shutters general fulfillment division

Blames "unforgiving compliance environment"
Ben Lane
Citing an “unforgiving compliance environment,” Denver-based Titan Lenders Corp. is closing its general fulfillment division as of Jan. 31. The soon-to-be shuttered division includes underwriting, closing, funding and post-closing for retail mortgage lenders.
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Monday Morning Cup of Coffee: Mortgage originations down despite low rates

CFPB after mini-correspondents, housing metrics will tell the tale
Trey Garrison
Monday Morning Cup of Coffee takes a look at news crossing HousingWire's weekend desk. In this week's edition: A look at the ten most struggling housing markets; a preview of the week's big economic reports; the CFPB's new focus on mini-correspondent lenders; and more.
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Mortgages don’t to make it on BofA’s priority list

New strategy pulls back from mortgages
Brena Swanson
With the majority of Bank of America’s lawsuits behind it, the Charlotte-based bank is refocusing its efforts and choosing to pull back from mortgages.
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Affiliated Mortgage sues Envoy Mortgage for $20M

Firm accused of stealing trade secrets
Brena Swanson
Affiliated Mortgage is suing Envoy Mortgage, alleging Envoy Mortgage stole some if its key executives in an effort to put Affiliated’s correspondent lending division out of business.
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Affiliated Mortgage exits correspondent lending

Shuts down office due to current lending environment
Brena Swanson
“Based on the current environment, and after careful consideration, Affiliated Mortgage Company has made the difficult decision to exit the correspondent business,” said Jason Beene, president of the Correspondent Division.
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JMAC launches non-delegated correspondent lending channel

Investor will underwrite before closing
Jacob Gaffney
According to a statement provided by the company, the non-delegated correspondent lending channel is focused on serving lenders who currently have the resources to fund their own loans but prefer the security of having those loans underwritten by the purchasing investor before the loan closes.
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The ditech key to correspondent lending

Begins to focus on community banks and credit unions
Brena Swanson
As more lenders revise or grow their correspondent lending divisions, there is one strategy that seems to be working best for them.
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