Posted To: Pipeline Press
It has been interesting talking to residential lending folks around the nation about their mix of business and how it has changed - if at all. It turns out that 49 percent of people who have refinanced their home in the first quarter of the year did cash-outs . That's the highest rate in the post-recession economy, up from 12 percent in mid-2012. To put things in perspective, in the run-up to the recession, that figure was often over 80 percent. Vendor M&A and news News broke yesterday that Optimal Blue is acquiring Comergence Compliance, "the mortgage industry's leading third-party oversight platform." "Comergence provides an array of third-party originator (TPO), appraiser, and social media risk management solutions that verify third-party compliance in real-time, a capability unmatched...(read more) Forward this article via email: Send a copy of this story to someone you know that may want to read it.
from Mortgage News Daily http://ift.tt/2rjOpip
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