Non-QM Mews; Nationstar/CFPB/HMDA Penalty; Goldman Buying Delinquent Loans

Posted To: Pipeline Press

“Everybody is a genius. But if you judge a fish by its ability to climb a tree, it will live its whole life believing that is stupid.” Different people are good at different things, and top LOs pride themselves on product knowledge. Here’s a helpful website if you want to know who is doing high-rise condos in Missouri, jumbo ARMs in Wisconsin, or anything else, in any state: www.mortgageelements.com . (Select a state, then a program.) Mergers & Acquisitions news On the bank side, it was announced that in Illinois Busey Bank ($5.4B) will acquire South Side Trust & Savings Bank of Peoria ($665mm) for about $133.4mm in cash (30%) & stock (70%). And in Ohio the Farmers National Bank of Canfield ($2.0B) will acquire The Monitor Bank ($43mm) for about $7.8mm in cash…(read more)

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Source: Mortgage News Daily

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