Subscribe to this RSS feed
Originating

Originating (1370)

Ask The Expert: Why Did Fannie, Freddie Add a Fee to Refinances

Ask The Expert: Why Did Fannie, Freddie Add a Fee to Refinances

Wednesday, 07 October 2020
Originating
Written by
Several Originators have written: "I am completely confused as to why Fannie Mae and Freddie Mac have decided to add an extra fee to refinances. Aren't they supposed to be helping consumers? This is going to make refinancing not make economic sense for many of my clients." Read more...
Tagged under
Data Firm Finicity Launches New Tools to Ease Credit Decisions

Data Firm Finicity Launches New Tools to Ease Credit Decisions

Friday, 02 October 2020
Originating
Written by
Financial data provider Finicity has introduced new tools that it says will streamline the credit decision-making process for mortgages and other loans. So reports PYMNTS.com. Read more...
Tagged under
Mortgage Fraudster May Go Back to Prison for Sports Betting Plot

Mortgage Fraudster May Go Back to Prison for Sports Betting Plot

Friday, 02 October 2020
Originating
Written by
A man who was convicted of bank fraud in 2011 as part of a mortgage scam has been charged in connection with an alleged sports betting scheme. So reports Salt Lake City’s KSL. Read more...
Tagged under
Couple Get Long Prison Terms in Religious Rent-to-Own Scam

Couple Get Long Prison Terms in Religious Rent-to-Own Scam

Tuesday, 06 October 2020
Originating
Written by
A couple received lengthy prison sentences for orchestrating Kingdom Connected Investments, a fraudulent rent-to-own scheme that was marketed as Christian-based. So reports the Greenville (S.C.) News. Read more...
Tagged under
$3T in Mortgage Volume and Its Unintended Consequences

$3T in Mortgage Volume and Its Unintended Consequences

Thursday, 08 October 2020
Originating
Written by
Recently, the MBA reported that 2020 has been the best year in the industry since 2003 and that the volume generated to date is already $1 trillion more than in 2019. One of the few positive spots in the economy has been the housing market where there are not enough real estate sellers and affordable… Read more...
Tagged under
The Flaws of 100% Commission Pay Plans

The Flaws of 100% Commission Pay Plans

Wednesday, 21 October 2020
Originating
Written by
The 100% commission pay structure has long been considered the gold standard in mortgage lending as the best way to motivate originators to generate more volume. Implicit in a 100% commission pay structure is that a large reward is available for sales professionals who do well. Read more...
Tagged under
4 Keys to Working Smarter

4 Keys to Working Smarter

Wednesday, 14 October 2020
Originating
Written by
I recently spoke to a leading sales group in mortgage banking on what it will take for lenders and originators to succeed in 2025. I realize that it is hard to focus on the future when the present is so hectic in mortgage origination. However, 2025 is only 1,500 days from now. Read more...
Tagged under
Mortgage Startup Better.com Could Be Worth $4B

Mortgage Startup Better.com Could Be Worth $4B

Friday, 25 September 2020
Originating
Written by
Online mortgage loan startup Better.com has seen its fortunes rise as Americans have refinanced to take advantage of low interest rates. So reports The Information. Read more...
Tagged under
12 Mortgage, Real Estate Pros Charged in Multi-Year Fraud Scheme

12 Mortgage, Real Estate Pros Charged in Multi-Year Fraud Scheme

Friday, 25 September 2020
Originating
Written by
A dozen people, among them mortgage and real estate professionals, face charges after federal prosecutors say they defrauded Fannie Mae and Freddie Mac in a four-year scheme resulting in the approval of more than 100 mortgages. So reports the Atlanta Journal-Constitution. Read more...
Tagged under
Jewels, Rolex Watches Seized from Fugitive in Mortgage Scam

Jewels, Rolex Watches Seized from Fugitive in Mortgage Scam

Tuesday, 29 September 2020
Originating
Written by
British authorities have seized diamond-encrusted Rolex watches, flashy necklaces, and gold and silver from the safe deposit box of a fugitive wanted for his alleged role in a £50 million ($64 million) mortgage scam. So reports Reuters. Read more...
Tagged under

FOLLOW US

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.
Ok Decline