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Here’s how a dodgy network of commercial mortgage brokers may cost Morgan Management their multifamily empire – According to the wall street journal, Morgan Management is rapidly shrinking in the wake of one of the largest mortgage fraud investigations. and others, to broker mortgages on behalf of Morgan.
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Mortgage brokers launch BRAWL initiative to combat unethical whole-tail lender practices – A network of independent mortgage brokers throughout the country have banded together to launch a national movement in the mortgage industry, Brokers Rallying Against Whole-tail Lending (BRAWL), an.
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Mortgage broker fortunes to be ‘devastated’ by Hayne changes – The abolition of trail commissions paid to mortgage brokers will slash the value of these businesses from about 2 ½ times recurring to 1-times gross earnings, according to people who buy and sell.
The mortgage broker renaissance – In the wake of the 2008 housing meltdown, mortgage brokers saw their market share plummet. But now brokers are coming back in.
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