The latest economic and policy trends facing mortgage servicers

Join this webinar for an in-depth roundtable discussion on economic and policy trends impacting servicers as well as a look ahead at strategies servicers should employ in the next year.

2021 RealTrends Brokerage Compensation Report

For the study, RealTrends surveyed all the firms on the 2021 RealTrends 500 and Nation’s Best rankings, asking for annual compensation data for the 2020 calendar year.

A real estate professor weighs in on the future of MLSs

According to research done by Sonia Gilbukh, a real estate professor at Baruch College, there are some reasons to be concerned about the current number of real estate agents and the future of MLSs.

Lenders, it’s time to consider offering non-QM products

The non-QM market is making a comeback following a pause in 2020. As lenders rush to implement, Angel Oak is helping them adopt these new lending products.

Mortgage

Pennsylvania Treasury latest state to suspend Wells Fargo

Stops bank from trading

Wells Fargo faces the wrath of yet another state that’s seeking retribution after the mega bank’s fake account scandal, as it isn’t even close to done with dealing with the aftermath of 5,000 of the bank’s former employees opening accounts in order to get sales bonuses.

The latest state: Pennsylvania.

According to an article in Reuters by Nikhil Subba, “Pennsylvania Treasurer Timothy Reese said on Thursday that he suspended Wells Fargo from any treasury investment or trading activities in the state for a year because of its ‘fraudulent’ accounts scandal.”

The Pennsylvania Treasury isn’t alone in its retaliation against Wells Fargo.

Ohio Governor John Kasich recently said that he is using his power as governor to bar Wells Fargo from participating in future state debt offerings and financial services contracts initiated by state agencies for one year.

Previously, the city of Chicago, the state of California, and the state of Oregon also suspended ties with Wells Fargo.

 

 

Latest Articles

Existing home sales pop the 2021 housing bubble boys

So far this year, every existing home sales print has been higher in 2021 than the closing level of sales in 2020, which was 5,640,000. Even with the unhealthy home price gains that we have seen in the last two years, more Americans have bought homes with mortgages in 2020 and 2021 than any single year from 2008-2019, and this looks perfectly normal with our current demographics. HW+ Premium Content

Sep 22, 2021 By
3d rendering of a row of luxury townhouses along a street

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