FHFA says GSE foreclosure prevention actions fell in May
Refi volume fell 29.9% as the average 30-year fixed rate rose to 6.44%, FHFA data revealed
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Point takes home equity investments to the wholesale channel
Earlier this year, California-based Point launched a third-party origination (TPO) channel to distribute its home equity investment (HEI) products through mortgage brokers, extending access to the equity-tapping product beyond its direct-to-consumer footprint. But the company is targeting deliberate growth rather than rapid volume, said Samuel Bjelac, head of wholesale at Point, who joined the firm
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MLS seen as pro consumer by independents and CMLS
While some industry leaders feel that the MLS is both “anti-consumer” and “anti-competitive,” punishing brokers who dare to do things differently by levying fines against rule breakers, others in the industry share a very different view on the MLS. “The whole purpose of the MLS originally was to be an open marketplace where brokers could
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