Collier Lender » Mortgages

ABA Strikes Mortgage Correspondent Deal with Wells

mortgagebroker — Tue, 13 Jul 2010 17:28:23 +0000

The American Bankers Association has opened the door for more of its members to sell residential mortgages to Wells Fargo Funding under a special pricing arrangement.

Change in FHA Rules Creates Demand for Brokers

mortgagebroker — Tue, 13 Jul 2010 17:28:23 +0000

The Federal Housing Administration’s efforts to shift the burden of supervising mortgage brokers to actual funders is creating a mini-boom in demand for brokers to bring in homebuyers and refinancing customers.

FDIC Sells $1B of AmTrust NPLs

mortgagebroker — Tue, 13 Jul 2010 17:28:23 +0000

Two private investors have teamed up to buy a roughly $1.2 billion pool of mostly non-performing residential whole loans offered by the Federal Deposit Insurance Corp., investment banking officials and sources close to the deal confirmed to National Mortgage News.

Average Fannie/Freddie Guarantee Fee Fell Last Year

mortgagebroker — Fri, 09 Jul 2010 17:44:18 +0000

The guarantee fee that Fannie Mae and Freddie Mac charge to their seller/servicers fell to 22 basis points last year from 25 the year before, according to a new study conducted by the Federal Housing Finance Agency.

Warehouse Conditions Improve, but It’s Still a Lender’s Market

mortgagebroker — Fri, 09 Jul 2010 17:44:18 +0000

The number of warehouse providers willing to extend credit to nonbanks has doubled in the past year, according to warehouse consultant Michele Perrin.