The cyclical nature of the mortgage industry

The ability to look past the now and develop strategies that poise an organization for future success is key to any leadership position in almost any business. It’s true for the mortgage industry and especially the long-term strategies we’ve developed to react to the current low-rate environment brought on by

Read more

Forbearance numbers drop for third consecutive month

The total number of loans in forbearance managed to fall three basis points last week to 4.22% of servicers’ portfolio volume, according to a report from the Mortgage Bankers Association. A drop-off in the number of exits did mark a slower decline than in recent weeks, however, Monday’s data still

Read more

Wire Fraud: Are you the weakest link?

It’s the moment everyone fears: in the frenzy to close a house sale, commitment to fraud preventions falters. Busy professionals involved in the sale override their own cautions about fending off wire fraud by reverting to tried-and-true email addresses to convey the most sensitive financial information. Trying to keep with

Read more

Builders FirstSource to acquire Cornerstone for $400 million

Dallas-based Builders FirstSource Inc., a building material and service provider, announced it has agreed to acquire Cornerstone Building Alliance SW LLC for approximately $400 million, subject to adjustments. The acquisition will be funded through a combination of existing cash and credit facilities and is expected to close around the end

Read more