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Tag: Correspondent (mortgages)

Non-QM

Education needed to boost non-QM lending even with patch’s end

Non-qualified mortgage originations have been on a growth spurt the last two years, growth that has been underpinned by standardization of product terminology...
Angel Oak

Angel Oak adds non-qualified mortgage prequalification tool

Angel Oak Mortgage Solutions is now offering mortgage brokers and correspondent loan sellers a prequalification tool to determine borrower eligibility for non-qualified mortgages.Its...
Incenter brokering $8 billion in GSE mortgage servicing rights

Incenter brokering $8 billion in GSE mortgage servicing rights

An $8 billion mortgage servicing rights package consisting of newly originated conforming loans is up for bid, according to broker Incenter Mortgage Advisors.Incenter...
Ocwen

Ocwen extends profitability timetable as mortgage rate drop steepens

Steeper rate declines contributed to a deeper quarterly net loss at Ocwen Financial, forcing it to extend its timeline for returning to profitability."To...
Freedom

Freedom to acquire J.G. Wentworth unit, expand mid-Atlantic foothold

Freedom Mortgage's planned purchase of J.G. Wentworth Home Lending would add 570 employees and 35 offices across 46 licensed states and increase the...
HECM originators

Open Mortgage hires half of Live Well Financial’s laid-off staff

Roughly 50 of the more than 100 staff members Live Well Financial let go after it stopped funding loans will join Open Mortgage,...
Plaza high balance

Plaza Home Mortgage launches new program for high-balance loans

Wholesale and correspondent lender Plaza Home Mortgage has improved its pricing for certain jumbo loans that Fannie Mae's automated underwriting system approves, but...
Freedom

Freedom’s mortgage servicing portfolio grows 44% in RoundPoint deal

Freedom Mortgage's acquisition of RoundPoint Mortgage Servicing gives it a major subservicer and will increase the Mount Laurel N.J.-based company's mortgage servicing rights...

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