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Freedom Mortgage dominates the MSR market

Housing Wire

Another large mortgage-servicing rights bulk offering is on the market this week on the heels of a $10 billion MSR package that went out to bid earlier this month. . The latest deal is being marketed by New York-based Mortgage Industry Advisory Corp. , It is a $6.23 billion bulk-sale offering of agency MSRs, with bids due by Jan.

Mortgages 355
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Effects of UWM’s broker policy could be very damaging

Housing Wire

This month, United Wholesale Mortgage took the industry by surprise when it made a statement that it would block mortgage brokers from doing business with the company if they did business with either Quicken Loans or Fairway Mortgage. mortgage industry drives the best in consumer options and experience.

Banks 538
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This techie mortgage broker has cleared $1 billion in originations this year. And now Thuan Nguyen is scaling up

Housing Wire

You’d find him there from 5 a.m. At that point, Loan Factory had about 200 loans and just 13 employees. Quicken Loans , see how big they are? How much volume they can push through so quickly? In 2013, Thuan Nguyen was working out of his chaotic office in the heart of Silicon Valley. They hustled, too.

Mortgages 404
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Princeton Mortgage’s Rich Weidel on how small shops can still compete with Rocket and UWM

Housing Wire

Rich Weidel, the CEO of family-owned and operated lender Princeton Mortgage , was scared. He saw the big competitors only getting bigger. Here’s the interview, which has been edited for length and clarity: HW: In the mortgage space, there are a lot of IPOs about to happen. As a smaller firm, what does this mean for you?

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Anthony Casa officially steps down as head of AIME

Housing Wire

Months after taking a back seat at the Association of Independent Mortgage Experts , former Chairman Anthony Casa announced he is officially stepping down following the backlash from his lewd and sexist videos. I will be an active member of AIME, I will be a participant and resource to this community in any way I can.

Lending 411
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Frank Martell talks loanDepot’s restructuring, path to profitability and M&As 

Housing Wire

I would expect the most likely period [for a trajectory to profitability] is the spring selling season, as we get into next year and the market provides some lift. “We want to be in a leadership position coming out of this cycle, which I don’t measure simply in terms of volume and size,” Martell said.

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Tips for Single Homebuyers: How To Make Your Dream a Reality

Keeping Current Matters

If you’re living on your own and looking to buy a home, know that you can make your dream a reality with thoughtful planning and the right team of experts. If you fall into this category, here are three tips to help you achieve your homeownership goals. It’s important to find out your score so you know where it falls.