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Fintech startup Tomo breaks into jumbo mortgages

Housing Wire

Tomo , a fintech mortgage startup run by former Zillow executives, is expanding its presence, announcing this week that it will now serve borrowers in Florida, Connecticut and Colorado. And they’re looking to capitalize on higher home prices and the market for jumbo mortgages. Presented by: Mr. Cooper.

Mortgages 335
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Mr. Cooper (Nationstar) Mortgage Review for 2020

The Mortgage Report

Review of Mr. Cooper (formerly Nationstar Mortgage) showing how it compares to other major lenders for mortgage rates, customer service, and loan options.

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Opinion: The evolution of the independent mortgage bank

Housing Wire

These current mortgage markets are what make it challenging for independent mortgage banks (IMBs). For many of these transaction-oriented, monoline mortgage lenders, it’s always a question of feast or famine. Mortgage loan volume in the second quarter of 2023 was down 56% from the same period last year, according to ATTOM.

Banks 383
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The MSR sector continues to shine, but there is a looming concern

Housing Wire

The mortgage-servicing rights market just keeps on ticking even as the overall housing market takes a licking. The 10 offerings together involve Fannie Mae , Freddie Mac and Ginnie Mae loan pools valued collectively at $12.77 Tom Piercy, Managing director of Incenter Mortgage Advisors. billion — compared with $51.1

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