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Bodnar of MMG: Watching the Fed This Week

Bodnar of MMG: Watching the Fed This Week

Friday, 11 September 2020
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Bill Bodnar of The Mortgage Market Guide (MMG) said that while inflation is not currently an issue, the Fed's involvement in the bond market has created a topsy turvy world that’s unsustainable in the long-term. Read more...
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Mortgage Scammer Tried to Fake Own Death: FBI

Mortgage Scammer Tried to Fake Own Death: FBI

Wednesday, 16 September 2020
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A convicted mortgage fraudster allegedly attempted to fake his own death to evade a new round of federal charges, authorities say. So reports the Lowell (Mass.) Sun. Read more...
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JPMorgan Digs Into Alleged Staff Misuse of COVID-19 Loans

JPMorgan Digs Into Alleged Staff Misuse of COVID-19 Loans

Friday, 11 September 2020
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JPMorgan Chase is looking into some of its employees’ alleged abuse of federal pandemic relief programs. So reports CNN. Read more...
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Orchard Raises $69M in Bid to Become Real Estate’s Amazon

Orchard Raises $69M in Bid to Become Real Estate’s Amazon

Tuesday, 15 September 2020
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Real estate platform Orchard, founded in 2017 and known as Perch until earlier this year, has announced an additional $69 million in funding and an ambitious goal to transform its industry like Amazon. So reports TechCrunch. Read more...
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Mortgage Originations Hit Record in Q2: Black Knight

Mortgage Originations Hit Record in Q2: Black Knight

Friday, 11 September 2020
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Quarterly origination was the highest on record in the second quarter of this year, with almost $1.1 trillion in first lien mortgages originated during the three-month period, according to Black Knight. So reports TheStreet. Read more...
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Mr. Cooper Goes on Big Hiring Spree

Mr. Cooper Goes on Big Hiring Spree

Saturday, 05 September 2020
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Mr. Cooper Group has unveiled plans to add 2,000 new remote positions by year-end. So report Marketwatch and The Dallas Morning News. Read more...
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Small Business Loan Scrutiny Falls on Rocket Loans

Small Business Loan Scrutiny Falls on Rocket Loans

Saturday, 05 September 2020
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Rocket Loans has come under the microscope after the Rocket Cos. unit did work for a consulting firm that garnered almost $800 million in fees for the job from the Small Business Administration. So reports Dow Jones Newswires. Read more...
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Ex-Taylor Bean Boss Can’t Overturn Fraud Conviction: Court

Ex-Taylor Bean Boss Can’t Overturn Fraud Conviction: Court

Wednesday, 09 September 2020
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In the latest aftershock from the 2008 financial crisis, former Taylor, Bean & Whitaker chairman Lee Farkas’ bid to have his fraud conviction overturned was denied by a federal appeals court. That’s according to multiple reports. Read more...
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Ask The Expert: Are Appraisals Coming in Low?

Ask The Expert: Are Appraisals Coming in Low?

Thursday, 10 September 2020
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Sam from Washington wrote to me, saying "I just had a refinance blow up because the appraisal came in low. This was a surprise and I was counting on this closing this month and now I am not sure it will happen at all. Are you hearing about a lot of appraisals coming in low? Read more...
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Our Mortgage Sales Superstars Are Not Who You Think They Are!

Our Mortgage Sales Superstars Are Not Who You Think They Are!

Friday, 11 September 2020
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Stratmor recently reported that 84% of the purchase money volume originated last year was generated by producers with less than five years in the mortgage business. When I shared this fact with senior executives, the majority were surprised. Only a handful of managers noticed a similar trend at their companies. This raises the question, if… Read more...
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