Items Tagged with 'Mortgage broker'

ARTICLES

  • The mortgage broker comeback

    Independent mortgage brokers’ market share increased to 14.1% in the first quarter of 2019
    In this competitive housing market with fewer homes for sale, fluctuating rates and higher home prices, you may think sending your buyers to a big bank or online mega retail lender for their mortgage is the fastest and easiest option. But in reality, an independent mortgage broker is by far the best choice.
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  • Want your homebuyer to be able to afford more?

    Three reasons why a mortgage broker is your best option
    Helping buyers purchase the best home for their hard-earned money has always been the key to real estate success—whether that’s discovering the perfect neighborhood or negotiating the final sale price. The ability to stretch buying power is more crucial than ever, and savvy agents are encouraging buyers to partner with independent mortgage brokers. Here's why choosing a mortgage broker is your best option.
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  • Home Point Financial acquires Platinum Mortgage’s wholesale division

    Growth continues for Home Point
    The last few years have been a period of growth for Home Point Financial. It began back in early 2015, when Home Point announced the acquisition of Maverick Funding, with Maverick’s business becoming Home Point’s initial mortgage banking platform. And it appears Home Point has no plans to slow down.
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  • Plaza Home Mortgage expands non-QM lending for mortgage brokers

    Now offers “flexible income documentation” requirements
    Mortgage brokers and correspondent lenders now have expanded options when it comes to lending to borrowers who don’t fit into the Qualified Mortgage box. Plaza Home Mortgage announced this week that it is rolling out an expanded non-QM lending program to “allow brokers and correspondent lenders to qualify more non-traditional borrowers.”
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  • Battle erupts over allegations that retail lenders are overcharging veterans for mortgages

    AIME's Anthony Casa accuses Fairway, Quicken, others; Fairway fires back
    For approximately 18 months, HUD, Ginnie Mae, and the VA have been looking into whether certain lenders are aggressively targeting servicemembers and military veterans for quick and potentially risky refinances of their mortgages. And now, retail mortgage lenders are facing new accusations that they are overcharging veterans on VA loans. But these accusations aren't coming from the government. Rather, this is some rather nasty mortgage industry in-fighting.
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  • NAMB blasts MBA-backed push for changes to LO compensation rules

    Mortgage broker group tells CFPB that proposal is “completely unacceptable”
    Last year, nearly 250 senior executives at some of the nation’s largest mortgage companies asked the Consumer Financial Protection Bureau to change the Loan Originator Compensation rule, which governs how much loan originators are paid. The lenders asked the CFPB to allow LOs to voluntarily reduce their compensation to allow them to compete in the market. Now, that group has a rather vocal opponent stating that those proposed changes are a “completely unacceptable” idea.
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  • Angel Oak Prime Bridge expanding into wholesale lending for fix-and-flip loans

    Now offering loans for real estate investors through brokers
    Mortgage brokers who have clients seeking financing for real estate investments now have a new outlet for funding, as Angel Oak Prime Bridge is expanding into wholesale lending. Angel Oak Prime Bridge is a member of the Angel Oak family of companies, and focuses on providing fix-and-flip loans to real estate investors.
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  • Watch: AIME Chair Anthony Casa divests from Garden State Home Loans

    Casa leaving his mortgage lending business behind to better represent mortgage brokers
    The head of the Association of Independent Mortgage Experts, Anthony Casa, is leaving his own mortgage lending business behind to better help independent mortgage brokers. In a video interview with HousingWire Editor-in-Chief Jacob Gaffney, Casa explains why he is divesting from Garden State Home Loans and why he is turning his full attention to AIME, a 42,000-member independent mortgage broker community.
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