Digital, Broker, Capital Mkts. Products; FHA and Down Payment News

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Posted To: Pipeline Press

In honor of World Population Day today, the Census Bureau tells us that the world’s population will hit 7.58 billion this month. But why believe that? Or anything “experts,” like actuaries or scientists, tell you? There is a lot of real news out there, and a lot of rumors, and the Stearns Chapter 11 has wholesale tongues wagging. Quicken tested the MSR market with a $10 billion servicing sale this year? Ask your rep, could be just a rumor. United Wholesale selling servicing to NewRez on a regular basis? Ask your AE for the scoop – could be another rumor. (Both amounts would be small compared to the $11 trillion of outstanding residential servicing.) And PenFed Credit Union notifying 100+ mortgage employees in the Alexandria Virginia office that they need to move to San…(read more)

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