Refi volume fell 29.9% as the average 30-year fixed rate rose to 6.44%, FHFA data revealed

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

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