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WEBHome equity investment products gain steam amid growing legal scrutiny. Companies announced new product rollouts and capital raises last month, but some are also facing lawsuits as the industry encounters heightened attention to the lack of consumer protections. By Spencer Lee. October 4.
Citizens Bank to buy Franklin American Mortgage as others flee …
WEBMay 31, 2018 · Citizens would have originated about $4.8 billion of mortgages in the first quarter, including Franklin American, said Jason Goldberg, a Barclays analyst. Citizens will handle mortgage servicing for the assets that it’s buying from Franklin in its existing Richmond, Va., operations center. Citizens will hire more staff for the Richmond center ...
Mortgage fraud attempts surge by more than one-third
WEBApr 25, 2024 · Banks saw a more muted uptick from $4.36 to $4.40. While they occurred at all stages of customer interaction, mortgage fraud coming through new account creation accounted for 43% of all losses, compared to 34% in 2022. Fraud attempts in the account login process made up a 31% share, and the funds-distribution stage 26%.
2021 Best Mortgage Companies to Work For
WEBMar 1, 2021 · By Brad Finkelstein, Bonnie Sinnock, Paul Centopani, Heidi Patalano. March 1, 2021 6:18 AM. National Mortgage News presents its third annual Best Mortgage Companies to Work For — an awards program dedicated to recognizing the industry’s premier employers and providing them with employee feedback highlighting their …
20 mortgage servicing banks with the largest MSR volumes
WEBOct 24, 2022 · The top five banks in our ranking have a combined MSR volume of more than $15 billion at the end of Q2. Many servicers saw growth between Q1 and Q2, with one seeing growth of 42.14%. This ranking is based upon MortgageStats data drawn from uniform bank performance reports filed to the Federal Financial Institutions Examination …
Ellie Mae - National Mortgage News
WEBMillennials see their mortgage rates drop even lower in September. More borrowers between 21 and 40 are leveraging the historically low mortgage rates to either buy their first homes or slash their monthly payments, according to Ellie Mae. By Paul Centopani. November 4. Mortgage fraud.
2021's Top Producers, Nos. 1-50 - National Mortgage News
WEBApr 12, 2021 · For the first time in the 23-year history of National Mortgage News' survey, there is a billion dollar producer at the top of the list. Christopher Gallo, a senior loan officer at NJ Lenders Corp. in Ho-Ho-Kus, N.J., logged …
How mortgage lenders are thinking about staffing for rest of 2021
WEBJun 25, 2021 · The latest data from the Bureau of Labor Statistics reported mortgage banker and broker jobs climbed to 386,800 in April from 378,300 in March, and grew every month for the past 12. First quarter numbers from business intelligence software provider LBA Ware showed annual and quarterly spikes in mortgage hiring as well.. Loan officer …
Federal Reserve - National Mortgage News
WEBRegulators ready to narrow scope, lower capital in Basel III re-proposal. Federal Reserve Vice Chair for Supervision Michael Barr outlined the changes he and other regulators would like to see to the capital reform plan, including largely excluding banks with less than $250 billion of assets. By Kyle Campbell. September 10.
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