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Patton Gade, top LO for VA loans, heads to UMortgage

Housing Wire

years and did some other sales jobs before joining the mortgage space about a decade ago. He worked for several mortgage companies, including Bridgeview Bank Group , Mutual of Omaha Mortgage, Inc. and Paramount Bank. million in mortgages in 2022, with a total of $135.7 Gade originated $165.4

VA loan 421
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UWM drops rates 50 to 100 basis points in bid for brokers

Housing Wire

United Wholesale Mortgage (UWM), the nation’s largest wholesale lender, wants to beat rival lenders by offering competitive pricing to brokers, a move designed to navigate a shrinking mortgage market with compressed margins. UWM dropped rates by 50 to 100 basis points across all loan types, the company said in a release.

Loans 432
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How one mortgage fulfillment service increases efficiencies while minimizing risks

Housing Wire

HousingWire recently spoke with Brian Simon, president of Trelix Mortgage Fulfillment Services, about how Trelix helps its clients work more efficiently while still maintaining compliance and performing due diligence. HousingWire: What sets Trelix apart from other mortgage fulfillment services?

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UWM takes another step toward a price war  

Housing Wire

United Wholesale Mortgage ( UWM ), the nation’s largest wholesale lender, has taken another step toward a price war. Homebridge Financial Services , Home Point Financial , Kind Lending , LoanDepot , Nations Direct Mortgage , Paramount Residential Mortgage Group , PennyMac Financial , Plaza Home Mortgage and Union Home Mortgage Corporation.

Loans 295
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Feeding the capital markets beast and figuring out pricing in a time of extraordinary uncertainty

Housing Wire

“Changes in culture, society, how we all work and live – it all ends up in capital markets,” said Richard Koss, chief of research at Recursion Companies. Delivery to the GSEs for banks during September 2020 was just 26%, the lowest level on record, Koss said. ” The banking tech laggard. .”

Marketing 370
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CSBS takes cues from GSEs on nonbank servicer standards

Housing Wire

The Conference of State Bank Supervisors (CSBS) today released standards for states to craft regulations for nonbank mortgage servicers. The standards would require nonbank mortgage servicers to have a minimum net worth of $2.5 That requirement does not apply to subservicing or reverse mortgage servicing.

Principal 370
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$68M to Preserve and Improve Homes for Seniors in Camden

Realty Biz

Creating positive change is paramount to our work and we are pleased to partner with like-minded, mission-driven owners who share our purpose and commitment to preserving affordable housing in a way that allows older adults to remain in their homes and thrive. Tredway, in collaboration with LIHC Investment Group and Leon N.