Brokers, just how will the loan origination compensation rules will effect brokers is the topic of an excellent article in Origination News. It was written by two long-time, veteran mortgage journalists, Mark Fogarty and Brian Collins. (This blog is a place for brokers and wholesale lenders to come to discuss…
What is the legitimate purpose of the government sponsored enterprises? That was a question discussed at a panel at the Mortgage Bankers Association’s secondary conference in New York. Fannie Mae and Freddie Mac ought not to be relied upon as social policy makers, noted Joshua Rosner, a managing director with…
SecondaryWire delivers a less expensive way for mortgage brokers and correspondents to offer loans or loan pools to lenders and investors for bids. In developing the platform our aim was simple: To remove the headaches, worries, compliance entanglements, and inefficiencies that too often plague the wholesale mortgage market. We’ve…