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HECM Product; Lender Disaster News; U.S. Economy Advancing

HMDA data tells us that California accounted for 21% of residential loan volume in 2017, and 23% in ’16. It’s a big market. Thus, the industry is following a ruling that Wells Fargo ... read more

Subservicer, Non-Agency Products; Trigger Leads, HECM, FHA News; Does a Slow Economy Equal Lower Rates?

Merchants Bank, one of the nation's top warehouse lenders and a growing Correspondent Investor, is expanding its product suite with a new non-Agency platform. The Merchants Premium Program ... read more

Reverse mortgage lender says its private product avoids recent challenges

However, as more loans have been catered recently to borrowers new to the reverse mortgage space, Plack estimates that those customers are actually about 50/50 between HECM and proprietary. read more