Construction, Subservicer, Reverse Products; Technology Options Report

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Posted To: Pipeline Press

As millions around the globe revel in World Turtle Day, others are more interested about what went on the hallway chatter at the MBA’s Secondary Conference as we see the low rates of 2019. How a few of the big banks (Wells, Chase, Flagstar, to name a few) saw their residential mortgage profit rebound dramatically in the first quarter. Capital markets folks wondering “did we learn anything ten years ago” as they watch the increase in interest of non-QM and “non-prime” products by MLOs. (The Mortgage Elements website lists the top Non-QM wholesale and correspondent lenders for each state and the country: Just click on the Non QM symbol, choose a state, and click go.) M&A and name changes are expected to continue (the latest example comes from North Carolina where…(read more)

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