Former Sterling Bank & Trust executive YiHou Han has pleaded guilty to her role in an alleged mortgage scheme that prosecutors say helped reap $115 million for an owner of the San Francisco Giants baseball team. So reports The Detroit News.

Bill Bodnar of The Mortgage Market Guide (MMG) notes that mortgage rates touched the best levels in three months as MBS prices had their highest closing price since March 2nd. But then things changed later in the week as prices faded.

In 2020, many originators pushed prospecting to the backburner. Thanks to the record-breaking refinance boom, originators were able to hit volume and income goals without much effort in the prospecting department. This year, a very different story is playing out.