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How to Motivate LOs In A Tough Market? In mortgage banking, it seems to be a perpetual question: “How do I motivate LOs in a tough market?” The short answer is you can’t.
Impac Mortgage Goes Broker, Winds Down TPO Channel Impac Mortgage has unveiled a shift to a mortgage broker fulfillment model for its retail consumer direct lending vision. So reports Seeking Alpha.
Digital Lender Molo Sells 80% Stake to Australian Firm Molo Finance, a UK-based digital mortgage lender, has sold an 80% stake to Australian mortgage lender ColCap. So reports Crowdfund Insider.

How to Motivate LOs In A Tough Market? In mortgage banking, it seems to be a perpetual question: “How do I motivate LOs in a tough market?” The short answer is you can’t.
Impac Mortgage Goes Broker, Winds Down TPO Channel Impac Mortgage has unveiled a shift to a mortgage broker fulfillment model for its retail consumer direct lending vision. So reports Seeking Alpha.
Digital Lender Molo Sells 80% Stake to Australian Firm Molo Finance, a UK-based digital mortgage lender, has sold an 80% stake to Australian mortgage lender ColCap. So reports Crowdfund Insider.
Homebuilder Is Charged With 29 Counts of Mortgage Fraud An Alabama homebuilder and his office manager have each been charged with dozens of counts of mortgage fraud. So reports local WTVY.
Citigroup Adds to Mortgage Job Cuts Citigroup has shed mortgage underwriting jobs as part of hundreds of cuts that also affect investment banking and technology. So reports Banking Dive.

Bodnar of MMG: An Important Time to Pay Attention The bond markets are testing key levels heading into the upcoming Fed Meeting, says Bill Bodnar of MMG. "Remember, there are three reactions to the Fed Meeting."
Mortgage Rates Sink After Bank Collapses After a half a percentage point rise over the prior month, U.S. long-term mortgage rates have fallen following high-profile bank failures. So reports CNN.

How to Motivate LOs In A Tough Market? In mortgage banking, it seems to be a perpetual question: “How do I motivate LOs in a tough market?” The short answer is you can’t.
Impac Mortgage Goes Broker, Winds Down TPO Channel Impac Mortgage has unveiled a shift to a mortgage broker fulfillment model for its retail consumer direct lending vision. So reports Seeking Alpha.

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Bodnar of MMG: An Important Time to Pay Attention The bond markets are testing key levels heading into the upcoming Fed Meeting, says Bill Bodnar of MMG. "Remember, there are three reactions to the Fed Meeting."
Mortgage Rates Sink After Bank Collapses After a half a percentage point rise over the prior month, U.S. long-term mortgage rates have fallen following high-profile bank failures. So reports CNN.
Guaranteed Rate Rolls Out 'Same Day Mortgage' Nationwide Guaranteed Rate has launched its Same Day Mortgage program nationwide, offering loan approval in 24 hours or less. So reports New York’s Pix11.

Bodnar of MMG: An Important Time to Pay Attention The bond markets are testing key levels heading into the upcoming Fed Meeting, says Bill Bodnar of MMG. "Remember, there are three reactions to the Fed Meeting."
Mortgage Rates Sink After Bank Collapses After a half a percentage point rise over the prior month, U.S. long-term mortgage rates have fallen following high-profile bank failures. So reports CNN.
Guaranteed Rate Rolls Out 'Same Day Mortgage' Nationwide Guaranteed Rate has launched its Same Day Mortgage program nationwide, offering loan approval in 24 hours or less. So reports New York’s Pix11.
Silicon Valley Bank’s Collapse Highlights Mortgage Exposure The regulatory closure of Silicon Valley Bank had the most immediate impact on Silicon Valley, but there are also implications for the mortgage world. So reports The Real Deal.
Ex-Fannie Mae Boss to Run Silicon Valley Bridge Bank The Federal Deposit Insurance Corporation has tapped former Fannie Mae head Tim Mayopoulos as the chief executive officer of Silicon Valley Bank, a newly formed “bridge bank” after the collapse of SVB Financial Group. So reports Reuters.