Mr. Cooper Reports $83M Profit in Q3
Mr. Cooper Group has announced that it recorded a net income of $83 million in the third quarter, its first quarterly profit.
Author : Chris Frankie
MBA Sees 2019 Originations Hitting Pre-crisis Heights
The Mortgage Bankers Association has announced that it forecasts originations to reach levels this year not seen since before the financial crisis and Great Recession.
Mortgage Fraud Risk Reaches Multi-Year Low: First American
The First American Loan Application Defect Index for September 2019 finds that the frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage
Fannie Mae Posts $4B Net Income in Q3
Fannie Mae recorded a net income of $4.0 billion in the third quarter of 2019, up from $2.9 billion in the prior quarter, the mortgage
HUD, DOJ Move to Clarify False Claims Act for Lenders
The Department of Housing and Urban Development and the Department of Justice have unveiled a joint memorandum of understanding outlining how the agencies plan to
FHFA Releases New Strategic Plan and Scorecard for Fannie and Freddie
Mark A. Calabria, Director Federal Housing Finance Agency, announced a new Strategic Plan and Scorecard for Fannie Mae last week at the Mortgage Bankers Association
Trump Lashes Out at Fed After it Cuts Rates Again
President Donald Trump has ramped up his ongoing criticisms of the Federal Reserve and its chairman, Jay Powell, after the central bank announced its third
Bill Bodnar of MMG: What Week for the Mortgage Business!
Bill Bodnar of the Mortgage Market Guide discusses last week’s Fed rate cut, the jobs report that easily beat expectations, revisions to previous jobs numbers,
BB&T-SunTrust Merger Wins U.S. Antitrust Approval
U.S. antitrust authorities gave their blessing to a merger between BB&T and SunTrust Banks, the Justice Department has announced. So reports CNBC.
A ‘No’ Doesn’t Mean the Dream Ends. Look to ‘Maiden’ for Inspiration
By Pat Sherlock, Founder QFS Sales Solutions. Every originator hears the word “no” a lot. Whether it is from referral sources or prospects, salespeople deal