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5 days ago · News analysis and perspective from National Mortgage News, an award-winning comprehensive digital resource serving the entire residential mortgage industry.
Wells Fargo commercial servicing sale makes Trimont a leader
Aug 20, 2024 · Wells Fargo plans to exit the third-party, non-agency commercial mortgage servicing business through a sale that will make the buyer a leader in one portion of the U.S. market. The Atlanta-based Trimont has agreed to buy non-agency servicing in the acquisition. Wells will retain certain servicing for government-related mortgages.
20 mortgage servicing banks with the largest MSR volumes
Oct 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 Council.
Newrez's acquired servicer sued for "pay to pay" fees
Sep 27, 2024 · Prior to being bought by Newrez, SLS required borrowers to pay $7.50 for processing mortgage payments made by phone, representing a significantly higher amount than what other servicers charge, litigation filed Sept. 24 in Texas federal court purports. The suit, lodged by borrower Eugenio Alvarez, says that most servicers have all together ...
20 banks with the largest mortgage servicing volume in Q2
Oct 17, 2023 · The top five banks in this list have a combined mortgage servicing volume of more than $26 billion at the end of the first quarter of 2023. Most banks saw a decrease between Q4 and Q1, but one saw a small rise of 7.91%.
Lower acquires shuttered Premier Nationwide Lending's branches
March 01, 2024, 1:54 p.m. EST 1 Min Read. Lower brought onboard Premier Nationwide Lending's branches in December, around the same time it announced the acquisition of Thrive Mortgage. Premier employees ranging from loan officers to branch managers made the transition to Lower that month and throughout January, per the National Mortgage ...
20 banks with the largest mortgage servicing volume in Q1
Jun 18, 2024 · The top five companies in the ranking have a combined mortgage servicing volume of more than $26 billion at the end of the first quarter of 2024 based on fair value. Many banks recorded an uptick in the value of their mortgage servicing rights between Q4 2023 and Q1 2024, with one seeing an increase of 13.25%.. The data in this ranking was sourced from National Mortgage News' MortgageStats ...
20 banks with the most mortgage origination volume in Q4
Feb 27, 2024 · Scroll through to see which residential lenders are in the top 20 and how they fared through the end of December 2023. NMN Staff. Originations Industry News. The top five lenders — JPMorgan Chase, US Bank, Flagstar Bank, Truist Bank and Goldman Sachs — have an average mortgage origination volume of more than $7.4 billion.
Where new homes are being built, according to NAHB
Oct 16, 2024 · Research from the National Association of Home Builders found 64.8% of all single family properties constructed last year were in a community or homeowners association, up from 62.6% in 2022. This is the third highest level ever; the record level of 67.1% was set in 2020, while No. 2 was the following year at 65.5%.
How the CFPB and NMLS nonbank registries will converge
Aug 29, 2024 · The CFPB addressed this with a new guide that arrived right before a registry comment period ended Aug. 26 — a mixed blessing for the Mortgage Bankers Association, which had wanted to have 60 days to review the implementation procedure before responding in a busy election year.. While the timing could have been better, the guidance does show how interactions with the existing registry may ...