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  • Who’s positioned to capitalize on Wells Fargo’s mortgage retreat August 16, 2022
    Wells Fargo's rumored exit from the correspondent lending channel could benefit nonbank rivals, such as Pennymac, Rocket Mortgage and Amerihome. The post Who’s positioned to capitalize on Wells Fargo’s mortgage retreat appeared first on HousingWire.
  • Blend takes a $478M loss, cuts 25% of its workforce August 15, 2022
    “We’re operating the company prudently as if the mortgage industry origination volumes will remain at or near historic low levels through 2025,” Nima Ghamsari, Blend’s co-founder and CEO, said Monday.  The post Blend takes a $478M loss, cuts 25% of its workforce appeared first on HousingWire.
  • HELOCs are now “raging back” August 15, 2022
    A combination of fast-rising home values and the fact that nearly two-thirds of borrows with at least some home equity have mortgage rates below 4% — and would not benefit from refinancing — is helping to propel a resurgent market for home-equity lines of credit (HELOCs). The post HELOCs are now “raging back” appeared first […]
  • Mortgage forbearance rate continued to decline in July August 15, 2022
    Servicers' forbearance portfolio volume continued its downward trend in July since mortgage forbearance rate dropped below 1% in April. The post Mortgage forbearance rate continued to decline in July appeared first on HousingWire.
  • Wells Fargo to shutter correspondent lending? August 15, 2022
    Wells Fargo is planning for a smaller footprint in correspondent lending and third-party servicing business. The post Wells Fargo to shutter correspondent lending? appeared first on HousingWire.
  • Fannie Mae appoints Cissy Yang as chief audit executive August 15, 2022
    Fannie Mae has appointed Cissy Yang as senior vice president and chief audit executive, taking over for J. Douglas Watt, who will retire in November. The post Fannie Mae appoints Cissy Yang as chief audit executive appeared first on HousingWire.
  • Steps to win with non-QM for a strong second half of 2022 August 15, 2022
    Non-QM is an ideal way to protect your volume and referral base, especially in times when the market is volatile. Non-QM is increasingly important as its share of overall volume continues to rise as more borrowers need it to qualify for a loan.  The post Steps to win with non-QM for a strong second half […]
  • Don’t miss the “Making Stats a Reality” panel at the Women of Influence Forum Oct. 3 August 12, 2022
    “Nothing is more timely (in my opinion) than having an open, honest and frank conversation about supporting women who want to make a difference in a historically male-driven industry by bringing on industry-leading women to the leadership table," said Hillary Saunders, chief broker officer and co-founder of Side, on this upcoming panel at HousingWire Annual. […]
  • HW+ Member Spotlight: Tom O’Donoghue August 12, 2022
    This week’s HW+ member spotlight features Tom O'Donoghue, owner at Reverse Loans Now, as he shares three trends that he is closely watching. The post HW+ Member Spotlight: Tom O’Donoghue appeared first on HousingWire.
  • Fannie Mae unveils $997M reperforming loan offering  August 12, 2022
    Fannie Mae has launched its fourth reperforming-loan sale of the year — an offering of 6,130 loans with an unpaid principal balance of $997 million. The post Fannie Mae unveils $997M reperforming loan offering  appeared first on HousingWire.