Federal National Mortgage Association (FNMA), aka Fannie Mae, reported a substantial net income of $4.7 billion for the third quarter of 2023, sharing its financial details in a press release and subsequent filings, including its Form 10-Q. The mortgage landscape is not only robust but also swiftly changing. In this financial context, adapting promptly to Fannie Mae’s updates and maintaining…
In the ever-evolving landscape of the American mortgage industry, a transformative force is reshaping how lenders and credit unions operate – Mortgage Process Outsourcing. With offshore companies delivering remarkable advantages to the mortgage market, from cost savings to improved efficiency, the appeal of outsourcing has grown exponentially. Discover how this paradigm shift is revolutionizing the way mortgage operations are conducted…
Buying a home requires a solid plan, and securing a home mortgage is based on a set of criteria to determine whether applicants are eligible or whether the application will end up in a mortgage denial. Unfortunately, if a greater number of loans that come through a mortgage lending company end up in mortgage denial, the financing bodies start questioning…