The Trump administration dismissed a dozen senior staff from mortgage giant Fannie Mae this week, according to an official familiar with the matter, the latest move in a push to remake the lender. Processing Content The 12 positions were eliminated Wednesday, according to the official, speaking on condition of anonymity to describe the action. Some […]
Trump administration dismisses a dozen officials from Fannie Mae Read More »
Luminate Bank is expanding its presence across the Midwest and central United States with the acquisition of First State Mortgage Services, the companies announced Thursday. Processing Content As part of the deal, 43 members of the First State Mortgage team will join the Minneapolis-based bank, including roughly 26 originators and CEO Rene Shaffer. The financial
Luminate Bank acquires First State Mortgage, 26 originators Read More »
The leading mortgage trade group is downgrading its origination forecasts as rates are cutting into anticipated refinance volume. Processing Content The Mortgage Bankers Association is projecting $2.147 trillion in total originations for 1- to 4-family unit properties this year, it said Friday. That’s a slight decline from the $2.163 trillion projection in July, and on
Shift to purchases: Higher rates squeeze 2026 refi volume Read More »