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Servicing, Accounting, TPO Products; What Every Lender and Servicer Should Know About Catastrophes

Servicing, Accounting, TPO Products; What Every Lender and Servicer Should Know About Catastrophes
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CMG acquires Norcom Mortgage s retail assets

CMG Financial announced Thursday that it acquired Norcom Mortgage’s retail assets, expanding its operations in the Northeast by 25 branches.

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Verification, HELOC, POS, Servicing Transfer Products; Webinars Today and Tomorrow; Fannie s Solid Earnings

“Change is inevitable, except from a vending machine.” Corporate changes are the name of the game. Atlanta’s Crescent Mortgage’s bank owner is aligning all mortgage facets of the enterprise and moving to “retail only” and eliminating third party. Rather than wind down, Colorado’s Universal Lending is inking an agreement with Lower LLC in a partnership setting up Universal Home Loans being in the same markets as a division of Lower LLC and improve its competitive position. Every discussion that I’ve had with real estate agents lately involves a) thousands of agents leaving the business due to the lack of… business, and b) how 8 percent mortgage rates have absolutely ground transactions, and even interest in looking at properties, to a halt. Meanwhile, I’m having similar conversations with loan originators as a) NMLS licenses are declining, and b) 8 percent mortgage rates have ground activity to a halt. From a broker-d

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