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Date: April 1st, 2022 | Category: Industry News, Latest
As recently published by Inside Mortgage Finance, GSE loan repurchases are on the rise! “Fannie Mae and Freddie Mac reported $2.97 billion of seller repurchases in 2021, the largest annual volume in years……“ According... Read more
Date: March 30th, 2022 | Category: Industry News, Latest
As recently reported by Fortune.com, Potential home buyers that have waited until 2022 for a possible dip in the markets may be disappointed. Last week we learned that home prices hit 19.2% in January for the year-on-year... Read more
Date: March 10th, 2022 | Category: Broker to Banker, Latest
Can a loan originator be paid by 1099 or must they be W2? Can a mortgage loan originator be considered an independent contractor? Whether a loan originator can be paid by 1099 is truly a classic question for the ages in our... Read more
Date: February 12th, 2022 | Category: Industry News, Latest
Update – NMLS Mortgage Continuing Education Fraud Settlement I previously posted about an NMLS Continuing Education Cheating Scheme Investigation. This involved a multi-state fraud scheme where a mortgage education... Read more
Date: January 28th, 2022 | Category: Industry News, Latest
The Money Source In an email sent out on January 27, 2022, The Money Source (“TMS”) announced an improvement of Gov LLPAs and Update of SRP Values effective for locks taken on or after Monday, January 31, 2022... Read more
Date: January 17th, 2022 | Category: Industry News, Latest
In an email sent out on January 12, 2022, UWM announced their updated policies for an Early Payoff (“EPO”) which was effective as of January 1, 2022. UWM’s email stated that “correspondents with... Read more
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