IMB profits drop sharply even as volume surges in Q4
Accounting rules on loan lock timing helped drag down nonbank mortgage profits, the Mortgage Bankers Association said.
Servicing, CRM, BI, QC, HELOC, TBA, Title Products; STRATMOR on Servicing; UAD 3.6
Among the hot topics in the hallways of the ICE Experience is the evolution in data contained in each lien, along with massive appraisal change hitting our biz. I was chatting with Class Valuation’s Mark Walser yesterday about UAD 3.6. (If you’d like a primer on it, and you should, see this write up
Mortgage rates hit highest this year, slowing refinancing
The contract rate on a 30-year mortgage rose 11 basis points to 6.30% in the week ended March 13 following a similar advance at the week before, according to Mortgage Bankers Association data released Wednesday.
Pamela Heman
Phone:+1(816) 810-5001