Tag: mortgage lending

AnnieMac Announces It Has Stopped Funding Wholesale Loans

AnnieMac Announced It Has Stopped Accepting Wholesale Loans As Of 5pm On September 27, 2022 American Neighborhood Mortgage Acceptance Co. LLC (AnnieMac) has joined the exodus of mortgage lenders exiting the wholesale mortgage market.  AnnieMac also said all new loan submissions after 5 pm on September 27th would be denied. In addition, the company said…

By Musashi
2 min read

Santander Withdraws From Mortgage Lending For New Customers

Santander Withdraws From Mortgage Lending For New Customers. Lenders Pull 300 Deals In 24 hours Santander became the latest high street bank to withdraw mortgage products for new customers. As a result, lenders pull nearly 300 mortgage deals in the past 24 hours by banks and building groups. Nationwide Building Society also increased the interest…

By Musashi
2 min read

Rocket Mortgage Management Tries To Sabotage An RE Closing

Rocket Mortgage Management Bullied An Employee And Tries To Sabotage His Real Estate Closing By Refusing To Give His Lender A Verification Of Employment For years I have written about the cattiness and cult like mentality of Rocket Mortgage management on MFI-Miami. But this recent incident is just over the top. Management bullied an employee….

By Musashi
3 min read

Mortgage Loan Originations Down 57%

Mortgage Loan Originations Down 57% Since Beginning Of The Year. Rate Locks Fell 8.9% In August Black Knight Inc. says mortgage loan originations fell by 57% since the beginning of the year and in August, they fell to a four-year low. Originations also fell nearly 9% from July. The mortgage data provider released its Optimal…

By Musashi
2 min read

New American Funding Eliminates Hundreds Of Jobs

Sources Say New American Funding Eliminated Loan Officers, Processors And Underwriters In Another Lay Off Sweep Former employees say New American Funding has laid off hundreds of employees on Tuesday. New American Funding eliminated several hundred positions. The company laid off loan officers and underwriters. In addition the company also laid off processors and training…

By Musashi
2 min read