Lending

Fannie Mae to jettison 11,000 non-performing loans

GSE wants to offload roughly $1.84 billion in unpaid balance
Fannie Mae announced plans to jettison $1.84 billion in non-performing loans, a small portion of which are from its thirteenth Community Impact Pool, a small pool for marginalized or small investors. According to a release from Fannie, there are 11,000 NPLs up for sale, and of those, 700 are from its Community Impact Pools.
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AIME shoots for 20% market share for wholesale mortgages by 2020

Fueled by new sponsorship the organization is pushing for growth in the industry
The Association of Independent Mortgage Experts is in growth mode, aiming for 20% market share of the mortgage market by 2020. Recent sponsorship from United Wholesale Mortgage, Caliber Home Loans, Finance of America Mortgage, and others have enabled AIME to offer free membership to partners of its sponsors. Included in membership are a set of tools and resources loan originators can use to increase productivity.
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Your favorite mortgage finance publisher is upgrading, in more ways than one

HousingWire CEO: As mortgage industry evolves, so do we
The economy and housing market both look good as we head into, what should be, another robust summer home sales season. At HousingWire, our mission is Moving Markets Forward. To help our readers and clients continue to put buyers in homes, win market share and build successful businesses, we’re making some serious investments.
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Communication is key: Q&A with loanDepot’s Julius Washington

"In today’s market, communication is the biggest tool you have"
How do Loan Officers set themselves apart and earn a share of today’s smaller business pie? We asked Julius Washington, executive licensed lending officer at Foothill Ranch, California-based loanDepot. As one of loanDepot's top-performing LOs, Washington shared his perspective on what drives his personal success. 
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Loan Officers: Your social proof is capital you can't afford to lose

What is social proof and why you should care
[Commentary] Have you heard of social proof? If not, I don't blame you. It is a term that wasn't all that common 18 months ago but is now becoming a popular buzzword, with good reason. Social Proof is paramount if you want to grow your business in the internet economy and connect with the modern consumer.
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New York suing HUD, Ben Carson to enforce Obama fair housing rule

State joins fair housing advocates lawsuit against Trump administration
The state of New York is moving to join a lawsuit against the Department of Housing and Urban Development and HUD Secretary Ben Carson over Trump administration recently moving to delay a controversial Obama-era fair housing rule meant to address segregation in housing.
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Hunt Mortgage hires Kevin Chadwick as managing director

Will oversee financing in the Western and Rocky Mountain regions of the U.S.
Hunt Mortgage hired Kevin Chadwick to helm its multifamily financing operations in the Rocky Mountain and Western regions of the U.S. As managing director, Chadwick will be responsible for conventional loan production along with the origination of debt and equity products for multifamily and other commercial assets in those regions.
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