Breaking News
  • Freedom Mortgage to acquire RoundPoint Mortgage Servicing

    Freedom Mortgage and RoundPoint Mortgage Servicing are planning to merge, the companies announced Friday. The deal will make RoundPoint a wholly owned subsidiary of Freedom and boost its servicing portfolio to more than $300 billion. Click the headline to read more.

Items Tagged with 'Wholesale lenders'

ARTICLES

  • 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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  • Ocwen shutting down largest origination channel; exiting wholesale forward lending

    Nonbank also settles with 2 more states
    Ocwen Financial quietly announced earlier this year that it planned to exit correspondent lending to focus on its “higher margin” channels – retail and wholesale. As it turns out, the company’s focus on wholesale lending lasted all of two months. Ocwen revealed Thursday that it plans to exit its wholesale forward lending business, shutting down its largest origination channel.
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    BRAWL

    Mortgage brokers launch BRAWL initiative to combat unethical whole-tail lender practices

    Taking aim at wholesale lenders who are actually focused on retail loans
    A network of independent mortgage brokers throughout the country have banded together to launch a national movement in the mortgage industry, Brokers Rallying Against Whole-tail Lending (BRAWL), an initiative focused on stopping the unethical practices used by “whole-tail lenders.”
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