Fannie Mae temporarily drops employment rep and warrant relief
The other parts of the Day 1 Certainty program regarding income and asset verifications remain in effect.
LOS
Refinancing share shoots up following dramatic mortgage rate drop
Refinances jumped in July in response to a considerable mortgage rate decline from the month prior as homeowners set to lock in lower costs, according to Ellie Mae.
How Ellie Mae’s CEO plans to get the company back into growth mode
After years of expansion as a public company, Ellie Mae went private and cut 10% of its workforce. But new ways to grow lie ahead, according to CEO Jonathan Corr.
Shakeout among mortgage lenders could take time to materialize
Consolidation is coming in the mortgage industry, but a protracted timetable will continue to constrict industry profits.
